Thailand to Scrutinize Sugar Exports in Bid to Curb Inflation
- India extended curbs on shipments of the sweetener this month
- Brazil’s exports of a record crop stymied by port bottlenecks
Workers load harvested sugar cane onto a truck in Saraburi province, north of Bangkok, Thailand.
Photographer: Dario Pignatelli/Bloomberg
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Thailand, the world’s second-biggest sugar exporter, will start regulating domestic prices of the sweetener and scrutinize exports in an attempt to control inflation and maintain food security.
Prime Minister Srettha Thavisin’s cabinet on Tuesday approved the classification of sugar as a controlled commodity, which means any price changes or exports of one ton or more need to be first cleared by a regulating panel, according to Deputy Commerce Minister Napintorn Srisunpang.