Thailand to suffer damage from China’s syrup import ban

China suspended imports of syrup and premixed powder from Thailand, the world's second-largest sugar exporter, in December because of concerns over factory hygiene.

Thailand was China’s main supplier of liquid sugar last year as it shipped more than 1.2 million tonnes to the country. — Photo straitstimes.com

BANGKOK — Thai businesses may record up to one billion baht (US$29.5 million) in losses from China's ban on sugar syrup and premixed powder exports from the Southeast Asian nation, insiders said.

China suspended imports of syrup and premixed powder from Thailand, the world's second-largest sugar exporter, in December because of concerns over factory hygiene, with shipments left stranded in Chinese ports.

Thailand was China’s main supplier of liquid sugar last year as it shipped more than 1.2 million tonnes to the country, according to supply chain services company Czarnikow.

Todsaporn Ruangpattananont, President of the Thai Sugar Product Association, said he had written a letter to the Thai government to speed up negotiations with Chinese authorities, given that companies are paying fines every day since the sugar is in Chinese ports.

Rangsit Hiangrat, a director at the Thai Sugar Millers Corporation, affirmed that Thai sugar factories have certified standards and export to the world, adding many are ready for inspections. — VNS

  • Share:

see also

Chinas DeepSeek surpasses ChatGPT in US app downloads

China’s DeepSeek surpasses ChatGPT in US app downloads

Aside from matching OpenAI o1 in performance, the release of DeepSeek-R1 sent shockwaves through the US tech industry because it is fully open-source and achieved this breakthrough at an exceptionally low cost.
Indonesia considers buying Russian oil

Indonesia considers buying Russian oil

Indonesia’s entry to BRICS had opened up the possibility of Jakarta importing Russian oil, whose prices have been pushed below the global benchmarks by the sanctions.
Malaysia, EU resume FTA negotiations

Malaysia, EU resume FTA negotiations

The EU is currently Malaysia’s fourth largest trading partner, with trade in goods worth 45 billion EUR (US$46.7 billion) in 2023 and trade in services worth 11 billion EUR in 2022.
Indonesia optimistic about ending fuel imports in five years

Indonesia optimistic about ending fuel imports in five years

Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government''s goal of achieving energy self-sufficiency.
Women leaders in ASEANs economic growth to be promoted under Malaysias Chairmanship

Women leaders in ASEAN’s economic growth to be promoted under Malaysia's Chairmanship

Under Malaysia’s Chairmanship, programmes in empowering women participation and leadership in the economy will be discussed to the extent possible in rallying further commitment from all stakeholders, for a more inclusive, prosperous and sustainable future.