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Thai Government Reviews Sugar-Revenue Sharing Plan.
Jan. 5--The sugar industry's 20-year-old net revenue sharing system between sugarcane planters and millers is currently under review.
"Given the present environment surrounding the industry, be it production technology or the management system, it [the revenue sharing system] deserves a change," said Industry Minister Pinit Charusombat.
Under the existing system, planters receive a 70 percent share of revenue from sugar sales in both the domestic and export markets after deducting all expenditures from the operations and the remaining 30 percent goes to the millers.
Mr Pinit said the revenue structure for the industry needed to be changed to ...
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Source: HighBeam Research, Thai Government Reviews Sugar-Revenue Sharing Plan.