World

Thailand suffers 59 million USD in loss from China's sugar syrup import ban

Todsaporn Ruangpattananont, President of the Thai Sugar Product Association, said the loss to Thai companies was double the previous estimate, due to shipping and transport costs, fines at Chinese ports, and lower selling prices.

Thailand, the world’s second-largest sugar exporter, faces a suspension of syrup and premixed powder imports by China in December due to concerns about factory hygiene. (Photo: Reuters)
Thailand, the world’s second-largest sugar exporter, faces a suspension of syrup and premixed powder imports by China in December due to concerns about factory hygiene. (Photo: Reuters)

Bangkok (VNA) - Thai businesses recorded up to 2 billion THB (over 59 million USD) in losses from China's ban on sugar syrup and premixed powder exports from the Southeast Asian nation, according to the Thai Sugar Product Association.

Todsaporn Ruangpattananont, President of the Thai Sugar Product Association, said the loss to Thai companies was double the previous estimate, due to shipping and transport costs, fines at Chinese ports, and lower selling prices.

No factories are purchasing raw sugar, and operations have been halted for over two months, he said.

In December 2024, China suspended imports of sugar syrup and premixed powder from Thailand due to hygiene concerns at manufacturing plants.

Last month, Thai officials said China had asked the Southeast Asian country to inspect dozens of factories before starting negotiations to lift the ban.

About 40,000 tonnes of syrup and premixed powder shipped to Chinese ports had been returned to Thailand, said Todsaporn.

Thammasorn Nawilaijaroen, a senior executive at SMC Food Thailand and Hefty Food Thailand, which exports syrup and premixed power to China and Japan, said both his companies had been hit by losses of around 100 million baht because of the ban.

Hefty Food, which exports syrup solely to China and shipped 120,000 tonnes last year, has stopped production, he added./.

VNA
#Thai businesses #China's sugar syrup import ban #raw sugar #loss Thailand
Follow VietnamPlus

Related News

Illustrative image (Photo:https://www.nationthailand.com/)

Thailand unveils AI-, IoT-based smart agriculture platform

It will enable farmers to utilise digital technology to improve their capabilities and promote sustainability in agriculture production, contributing to reducing costs and boosting the Thai agricultural sector’s competitiveness at the global level.

Thai Public Health Minister Somsak Thepsutin (Photo: bangkokpost)

Thailand to boost medical economy

According to the ministry's permanent Secretary Opas Kankawinpong, the Health Economics Department has recently been established to determine policies regarding health economics through data-driven analysis, allocate resources and create an efficient public health system that is fair and sustainable.

See more

Pig Farm (Photo: Laotiantimes)

Laos warns of African swine fever outbreak

ASF poses a serious threat to pig production and the livelihoods of Lao people. Local authorities are calling for coordinated efforts to contain and eliminate the outbreak, including heightened surveillance in several villages across Xaysomboun and Bolikhamxay provinces.

2-year-old girl dies from bird flu in Cambodia

2-year-old girl dies from bird flu in Cambodia

According to medical records, the child was in contact with infected chickens raised by her family and passed away on February 25 after developing symptoms like fever, cough, and shortness of breath.

Travellers in a boat tour on the Chao Praya River in Bangkok, Thailand. (Photo: AFP/VNA)

Safety concerns darken Thailand’s tourism

Thailand’s target of drawing up to 9 million Chinese tourists by 2025 is under threat, following a surge in flight cancellations, attributed to safety concerns raised by the kidnapping a Chinese actor in the country.

Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof. (Photo: Bernama)

Malaysia vows to promote green investment collaboration during ASEAN chairmanship

In his speech at the 2025 ASEAN Banking and Finance Summit in Kuala Lumpur on February 25, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the bloc’s energy transition cannot occur in isolation and that no country can achieve its sustainability goals without strong regional cooperation.

People commemorate the victims of Malaysia Airlines Flight MH370 in Subang Jaya, Malaysia, on March 3, 2024. (Photo: AFP/VNA)

Malaysia resumes search for missing MH370 plane

Malaysian Minister of Transport Anthony Loke told the press on February 25 that the British marine robotics company Ocean Infinity has started what would likely be the final search for MH370 despite not having finalised a contract with the Malaysian government.

Veeramalla Anjaiah, a senior researcher fellow at the Centre for Southeast Asian Studies (CSEAS) (Photo: VNA)

AFF 2025 inspires unity, strengthens bloc: Indonesian researcher

As a country committed to regional cohesion and peace, Vietnam is urging ASEAN nations to turn commitments into concrete outcomes, enhance coordination in addressing both traditional and non-traditional challenges, and build on past achievements to drive ASEAN’s overall development, he told the Vietnam News Agency (VNA)'s resident correspondents in Jakarta.

Prime Minister of New Zealand Christopher Luxon (Photo: Xinhua/VNA)

New Zealand PM optimistic about official visit to Vietnam

Prime Minister of New Zealand Christopher Luxon expressed optimism about his official visit to Vietnam, while emphasising the Southeast Asian economy's importance to New Zealand exporters. He described Vietnam as a huge opportunity for New Zealand and the fastest-growing economy in Southeast Asia.

Finance Minister Pichai Chunhavajira (centre right) met with Japanese business executives during the BoI's recent roadshow in Tokyo. (Photo: Bangkok Post)

Japanese firms keen to step up investment in Thailand

Among the companies showing strong interest, Japan’s Isuzu Motors plans to produce electric pickup trucks at its Thai facility, primarily for export. Other Japanese automakers, such as Mitsubishi Motors, also intend to expand their presence in Thailand.

Malaysian Prime Minister Anwar Ibrahim (Photo: eastasiaforum.org)

Malaysia promotes ASEAN's digital economy, green initiatives

Malaysian Prime Minister Anwar Ibrahim is set to deliver a keynote address at the second ASEAN Future Forum (AFF), to be held in Hanoi on February 25-26. His speech is expected to focus on key regional issues, including digital economy, green growth, and sustainable development.

President Prabowo Subianto (centre), along with former presidents Joko Widodo (right) and Susilo Bambang Yudhoyono (left), pressing the button to officially launch Indonesia's sovereign wealth fund, Danantara, during the launching ceremony at the Presidential Palace complex in Jakarta on February 24. (Photo: Antara)

Indonesia to invest in three key sectors

According to Prabowo, Danantara's investments will generate high-quality jobs and contribute to the country's long-term prosperity. These are the areas that will determine Indonesia's future, resilience and independence.

Emeritus Professor Roberto Rabel (Photo: VNA)

New Zealand PM’s Vietnam trip to help tighten bilateral relations: professor

In an interview granted to the Vietnam News Agency on the threshold of the trip, Emeritus Professor Roberto Rabel from the Centre for Strategic Studies under New Zealand’s Victoria University of Wellington said that Luxon’s first visit to Vietnam as New Zealand Prime Minister is significant in providing him with the opportunity to see at first hand the vibrant socio-economic environment that has characterised Vietnam’s development in recent years.