Sugar prices may see a rise to around 15 cents sometime in 2020 as the cost of production for … As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Eight illegal migrants have been arrested separately in Bangkok as part of a crackdown operation to prevent illegal immigration and control the spread of the coronavirus. The global sugar substitutes market is gaining new grounds owing to the rise in obesity and diabetic levels across the world and the growth of the health-conscious population. Production in India is projected to decrease because of dry weather, and output in Brazil will be nearly unchanged from 2018-19. Exchange rates (23/10/2020) •Euro –Real exchange rate: 1 € = 6.64 Real •Recent sharp depreciation of the Brazilian currency –the real hit a record low mid-May •One month ago: 1€ = 6.22 Real. Thai sugar exports decrease: We expect Thai sugar exports to slip in 2019 after hitting a record high in 2018. The industry expects the intensity of competition may decline under the cost-plus method. 29 October 2020. On Oct 1 this year, the cabinet approved the use of a cost-plus method to calculate retail sugar prices for the 2019-20 season. A key measure of leverage, the weighted average of adjusted debt to Ebitda, rose to 6.12 times in 2018 from 3.84 times in 2014. These customers value consistent sugar quality and volumes, and on-time delivery. We expect earnings in 2019 will be the same as in 2018 because of the prolonged slump in sugar prices. This product is a monthly auto renewal product. The figure for Khon Kaen Sugar Industry Plc (KSL) was above the industry average, rising to 8.17 times in 2018 from 5.84 times in 2014. Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 Reforms began in January 2018 after Thailand was challenged by Brazil at the World Trade Organization. Track stock prices in your portfolio. Business. The decline is also underpinned by … What is the natural sugar substitutes market size and growth rate during the forecast period? The product is a monthly auto renewal product. Lower earnings: Aggregate earnings before interest, taxes, depreciation and amortisation (Ebitda) of sugar processors slipped to 19.9 billion baht in 2018 from 24 billion in 2017. Persistently low prices: The price of raw sugar in 2018 plunged to 12.3 US cents per pound, 22.5% lower than in 2017. The figure for Buriram Sugar Plc (BRR) rose to 7.39 times in 2018 from 5.08 times in 2014. The natural sugar substitute market by revenue is expected to grow at a CAGR of over 4% during the period 2019-2025. 14 Nov 2019 at 04:01, newspaper section: Previous editions of The Beet Brief can be found below. Revenues of sugar exporters in Thailand are likely to decrease because of lower supply combined with weak sugar prices. 5. By subscribing, you accept the terms and conditions in our, ©2020 Bangkok Post Public Company Limited. Besides, the likely higher off-take of sugar in this summer season is also a positive for the sugar industry. Tripadvisor warning for Thai hotel that sued guest over bad review, Pfizer CEO sold $5.6 million in stock on day of vaccine announcement. Adjusted debt to Ebitda rose to 6.01 times in 2018 from 3.64 times in 2014. Surplus easing: The world sugar market is moving towards supply-demand balance with a smaller surplus expected in the 2019-20 crop year that began on Sept 1. The average EU+UK white sugar price in August 2020 was €378/t, the same value as in July. Japan to support Asean in virus response, security, Atta seeks green light for more China tourists, Indonesia pushes for Asean travel bubble in early 2021, Chinese shoppers spend big in post-virus Singles' Day binge, Singapore to introduce new visa to draw top global tech talent. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). The average Ebitda margin declined to 13.3% from 16.3%, reflecting lower sugar prices in 2018. We, however, have a request.
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