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Balance of revenue-sharing formula may shift.
Byline: Yuthana Praiwan
Jan. 10--The decades-old sugar revenue-sharing formula is going to be overhauled along with trading quotas to address market and price distortions in the industry.
Previously sugarcane farmers and mills split revenue 70/30.
Chakramon Phasukvanich, the permanent secretary for the Industry Ministry, chaired a top-level committee meeting yesterday to discuss ways of addressing current sugar shortage.
Authorities have imposed a number of measures to alleviate stock shortages and price-gouging by retailers, reportedly prompted by wholesalers seeking to bypass domestic price controls by diverting goods illegally to ...
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