These customers value consistent sugar quality and volumes, and on-time delivery. What is the growth rate of natural sugar substitute market in India during the forecast period? The "Natural Sugar Substitute Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.. The global sugar substitutes market is gaining new grounds owing to the rise in obesity and diabetic levels across the world and the growth of the health-conscious population. Revenues of sugar exporters in Thailand are likely to decrease because of lower supply combined with weak sugar prices. In the first nine months of 2019, sugar exports dropped 9.8% year-on-year to 7.3 million tonnes. The average EU+UK white sugar price in August 2020 was €378/t, the same value as in July. Around 11.4 tonnes of contraband ketamine worth almost B29bn are seized in Chachoengsao province. Sugar manufacturing plants in Thailand are under government control. On Oct 1 this year, the cabinet approved the use of a cost-plus method to calculate retail sugar prices for the 2019-20 season. Tripadvisor warning for Thai hotel that sued guest over bad review, Pfizer CEO sold $5.6 million in stock on day of vaccine announcement. Pick 5 of your favourite companies. Surplus easing: The world sugar market is moving towards supply-demand balance with a smaller surplus expected in the 2019-20 crop year that began on Sept 1. Previous editions of The Beet Brief can be found below. Business. Japan to support Asean in virus response, security, Atta seeks green light for more China tourists, Indonesia pushes for Asean travel bubble in early 2021, Chinese shoppers spend big in post-virus Singles' Day binge, Singapore to introduce new visa to draw top global tech talent. 14 Nov 2019 at 04:01, newspaper section: You will get the updates within 24 hours. Support quality journalism and subscribe to Business Standard. Get a daily email with all the news updates on them. However, we expect profits will gradually recover after the cyclical downturn ends. One key reason for the weakening in world sugar prices is India's sugar export subsidy. … Any expansion or relocation of manufacturing bases must be approved by the Industry Ministry. Adjusted debt to Ebitda rose to 6.01 times in 2018 from 3.64 times in 2014. The growing demand for naturally sweetened food items products, including functional water, confectionary items, and juices, particularly in the health-conscious consumer segment, which perceives natural substitutes as an alternative to sugar-laden foods, is crucial for the growth of the natural sugar substitutes market. Thai sugar exports decrease: We expect Thai sugar exports to slip in 2019 after hitting a record high in 2018. For E.S.T Office Hours Call 1-917-300-0470 While the end of the quota system brought increased domestic market competition, the big millers continue to dominate. According to Indian Sugar Mills Association (ISMA), water in Maharashtra reservoirs was below ... Key stories on business-standard.com are available to premium subscribers only. They accounted for 68% of all sugar production in the 2018-19 season. A key measure of leverage, the weighted average of adjusted debt to Ebitda, rose to 6.12 times in 2018 from 3.84 times in 2014. Production in Thailand will drop to 12 million tonnes in the 2019-20 season due to unfavourable weather. Besides, the likely higher off-take of sugar in this summer season is also a positive for the sugar industry. Track the industry of your choice with a daily newsletter specific to that industry. The rapid change from drought to heavy rain, particularly in the Northeast, has caused a reduction in plantation areas. According to Stainbank, the sugar industry as a whole had lost R1.3-billion in revenue in the 2018-2019 season. There is an increasing acceptance of clean labels and beverages with free-from and sustainable brands. Lucknow
The strong appreciation of the baht is also a factor, with profits of most millers rated by Tris expected to fall in 2019. Your support through more subscriptions can help us practise the journalism to which we are committed. The increase was from an infrastructure fund and the expansion of new factories. What can industries learn from recent healthcare cyberattacks? The figure for Buriram Sugar Plc (BRR) rose to 7.39 times in 2018 from 5.08 times in 2014. The increase in disposable incomes is encouraging consumers to be conscious of their diets. They hold a competitive advantage as they can better adapt to the demands of food and beverage processors, the largest domestic customers. We believe the sugar oversupply will persist, pressuring prices, but will lessen slightly in the coming year as supplies from major producing countries decline because of dry weather.