Thailand’s Sugar Premium Seen Sliding as Global Demand Declines
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The premium buyers pay to obtain raw sugar from Thailand, the world’s second-biggest exporter, slid over the past week as global demand for sweetener declines, according to Green Pool Commodity Specialists Pty Ltd.
Raw sugar from Thailand is at a premium of $2.60 a pound above the price on ICE Futures U.S. in New York, the Brisbane-based researcher, said in a report e-mailed today. Thai sugar was for sale at a premium of $3 to $3.20 a pound a week earlier. Raw sugar futures have climbed 7.6 percent so far this month in New York.