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Thailand to Overhaul Sugar Quota Allocation System.

Bangkok Post (Bangkok, Thailand)

| June 12, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Phusadee Arunmas

Jun. 12--The Internal Trade Department is set to curb speculation and hoarding of sugar by overhauling the quota allocation system for domestic consumption.

Officials want the revised allocation system to take into account seasonal changes in demand, such as consumption during important festivals such as New Year and Songkran, said Siripol Yodmuangcharoen, the department's director-general.

The new allocation system is now under study and is expected to be implemented next year.

Allocations affect wholesale sugar prices but not retail prices, which are fixed. Among the large buyers in the wholesale market are ...

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Source: HighBeam Research, Thailand to Overhaul Sugar Quota Allocation System.