Thai Sugar Crop Outlook Worsens as Mills Grapple With New Export Rules

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Thai Sugar Crop Outlook Worsens as Mills Grapple With New Export Rules
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(Bloomberg) -- Thailand’s sugar crop prospects are deteriorating just as the country’s millers are struggling to get to grips with the implications of new...

-- Thailand’s sugar crop prospects are deteriorating just as the country’s millers are struggling to get to grips with the implications of new export regulations announced this week.Sony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’ Play Wilted

The output decline in Thailand will further tighten global supply and support futures that are already near the highest level in 12 years after India said last month it would keep curbs on overseas shipments beyond the end of October. Meanwhile, groups of cane growers around the country have said they will protest the cabinet’s move on Sunday, with plans to gather and block sugar from being moved out of mills to be sold at what they called unfair prices.

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