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178872
Fri, 04/29/2011 - 13:27
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http://m.oananews.org//node/178872
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Thailand's sugarcane, sugar supplies and oil prices rise
BANGKOK, April 29 (TNA) - Thailand's sugarcane and sugar supplies, as well as fuel prices are rising, as a quota for local sugar consumption may increase to 26 million sacks.
Prasert Tapaneeyangkura, Secretary to Thailand's Sugarcane and Sugar Committee, said on Friday that promising weather conditions and growing local cultivation areas, due to rising sugar prices over the past year, have raised local sugarcane yields to 92 million tons currently, from the earlier expected amount of 66 million tons, and thus the amount of locally-produced sugar has been up by over 30 per cent to 95 million sacks, from 69 million sacks.
Prasert revealed that the Sugarcane and Sugar Committee was set to hold its latest meeting Friday--at which Thailand's increased sugar consumption quota to 26 million sacks, from 25 million sacks now, is expected to be resolved with an additional reserve of some two million sacks, and that the resolution will not affect Thai sugar exports.
Meanwhile, domestic fuel prices are also rising, as Caltex, Shell and Esso announced to further raise the prices of their gasohol petrol by 60 satang per liter, effective from Saturday morning. Esso said it will also raise the price of its regular gasoline or benzine 91 price by 75 satang per liter. Other local oil traders are expected to follow suit the same day; while domestic diesel prices will be later decided by the National Energy Policy Council.
According to Thai Oil Public Company Limited, the price of premium gasoline or benzine 95 has risen by as much as 3.92 dollars to 137.54 dollars a barrel in Singapore, its highest level in 33 months; while the diesel price in the island state has increases by 1.77 dollars to 139.23 dollars a barrel. The company projected that world oil prices should remain high next week due to the weakening US dollar and unrest in the Middle East. (TNA)
Prasert Tapaneeyangkura, Secretary to Thailand's Sugarcane and Sugar Committee, said on Friday that promising weather conditions and growing local cultivation areas, due to rising sugar prices over the past year, have raised local sugarcane yields to 92 million tons currently, from the earlier expected amount of 66 million tons, and thus the amount of locally-produced sugar has been up by over 30 per cent to 95 million sacks, from 69 million sacks.
Prasert revealed that the Sugarcane and Sugar Committee was set to hold its latest meeting Friday--at which Thailand's increased sugar consumption quota to 26 million sacks, from 25 million sacks now, is expected to be resolved with an additional reserve of some two million sacks, and that the resolution will not affect Thai sugar exports.
Meanwhile, domestic fuel prices are also rising, as Caltex, Shell and Esso announced to further raise the prices of their gasohol petrol by 60 satang per liter, effective from Saturday morning. Esso said it will also raise the price of its regular gasoline or benzine 91 price by 75 satang per liter. Other local oil traders are expected to follow suit the same day; while domestic diesel prices will be later decided by the National Energy Policy Council.
According to Thai Oil Public Company Limited, the price of premium gasoline or benzine 95 has risen by as much as 3.92 dollars to 137.54 dollars a barrel in Singapore, its highest level in 33 months; while the diesel price in the island state has increases by 1.77 dollars to 139.23 dollars a barrel. The company projected that world oil prices should remain high next week due to the weakening US dollar and unrest in the Middle East. (TNA)
