Cabinet gives nod to sugar-cane hike | Bangkok Post: business - News Summed Up

Cabinet gives nod to sugar-cane hike | Bangkok Post: business


The cabinet has decided on the final sugar-cane price for the 2016-17 milling year of 1,083.86 baht a tonne, higher than the initial cane price. Nathporn Chatusripitak, an adviser to the Prime Minister's Office minister, said the final prices were for sugar cane with a commercial cane sugar (CCS) sweetness level of 10. CCS measures the sweetness of cane, with a higher sugar content resulting in larger sugar output and a higher CCS. The cabinet Tuesday also imposed a price increase for sugar cane equivalent to 65.03 baht per CCS per tonne. The price of sugar cane is predetermined on an annual basis by the Office of the Cane and Sugar Board and is announced in October.


Source: Bangkok Post May 01, 2018 23:53 UTC



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