• Oversupply from solid domestic production coupled with plentiful global output pressured refining margins and weakened market bids.
Thailand is among the biggest exporters of refined sugar during the area, meeting both of those regional and Intercontinental markets.
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Seasonal versions and crop harvest timing Engage in a important position Briefly-expression fluctuations. New trends exhibit average growth tempered by global surplus in particular locations.
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"It is going on as a result of production blend adjust and likewise due to the crop delay," the trader reported.
Brazilian producers utilized this opportunity to strengthen their export market presence with good quality and timely shipments. Sturdy logistics and supply chain administration supported this hard work.
• Thailand’s sugar industry preserved elevated output concentrations, supported by expanded cane acreage and favorable weather conditions in the course of the 2024/twenty five crushing season. Mills processed constantly high volumes of cane, and inventories remained very well above seasonal averages.
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India’s Refined Sugar prices Ex-Sangli also declined as stable monsoon ailments ensured continual supply amid regular desire from beverage and confectionery sectors.
The Thai authorities maintains Virtually overall control above its sugar production, and mandates the 70 - 80 p.c of its production be exported as a means to prop up domestic prices. Together with price supports for its sugar farmers, Thailand presents direct subsidies to farmers and preferential bank loan plans that can help its sugar farmers improve their effectiveness.
• Weak industrial offtake and cautious purchaser behavior reduced demand, reinforcing downward price momentum for shipped sugar.
• Sugar Location Price remained pressured by plentiful harvests and subdued export window, limiting seller optimism.
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