Thailand Lowers Sugar Export Volume, Sets Aside Extra for Ethanol Production
Submitted by admin on May 15, 2018 – 5:01 pmNo Comment
by Panarat Thepgumpanat and Patpicha Tanakasempipat (Reuters) Thailand has allocated an additional 300,000 tonnes of raw sugar for ethanol production this year, the country’s cane and sugar regulator said on Tuesday, amid weak prices and a large global surplus of the commodity.
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The additional quantity is apart from 200,000 tonnes of raw sugar, which the country has already set aside for biofuel production every year.
“Prices of raw sugar have decreased, while prices of tapioca, which is traditionally used to produce ethanol, have increased,” Ekapat Wangsuwan, deputy secretary-general, Office of Cane and Sugar Board, told Reuters. READ MORE
