Thailand news — Vesper

China buys less dairy but more cheese and butter

China's dairy imports fell 3.7% in milk equivalent this year while its cheese and butter buying rose about 18%. See where US suppliers gained ground in Asia.

October white sugar delivery lands at a third of last year's

Under 500,000 tonnes were delivered against October London white sugar, against over 1.5 million a year ago, while funds built their largest long since 2023.

Thai cane area at risk from higher tapioca prices

Thailand's 2026/27 cane area looks set to shrink as tapioca pays better, and the mills are turning to white sugar exports for the rest of the year.

EU sets an audit timeline for Brazil's poultry ban, opens a duck dispute with China

The EU has attached a firm audit calendar to Brazil's poultry suspension and opened a new anti-dumping case against Chinese duck imports.

El Niño risk spreads across sugar-growing regions, lifting prices

Sugar futures rose 3.8% as El Niño intensifies, threatening crops in Brazil, India, Thailand and the EU just as the 2026/27 balance tightens.

Most starches firm on rising costs; potato holds steady

Wheat, tapioca and corn starch are firming on higher input costs and tight supply, while potato starch holds steady on ample stocks and weak demand.

White sugar rallies on weather risk while physical prices sit still

White sugar futures rallied to $475/mt on El Niño and heatwave risk to crops in India and the EU, even as physical prices stayed calm on comfortable supply.

A new-crop tender resets EU sugar price expectations

A multinational bought 2026-27 sugar at €530 DDP, roughly €495-500 ex works bulk, resetting European price assumptions anchored to CXL import parity.

Chicken prices fell across the board last month, but the autumn outlook points higher

Brazilian chicken breast fillet led a broad poultry decline, dropping 16% to around €2,890 per tonne, in a month where every benchmark Vesper tracks fell.

Thai cane pivots to tapioca as China's sugar surplus builds

East Asia's sugar markets face weather and policy pulling opposite ways, with Thailand's three-month outlook pointing to above-average heat across cane areas.

El Niño risk reshapes sugar's 2026/27 supply outlook

Raw sugar edged higher on Brazil's planned anhydrous ethanol blend increase from 30% to 32% and firmer crude, with Sugar No. 11 settling at 14.11 cents/lb.

Indian basmati prices climb on tight supply and Gulf shipping uncertainty

Indian basmati has risen over three weeks, with 1509 Steam up to USD 90-91 per quintal from USD 82-83 and 1718 Sela climbing to USD 94-96 per quintal.

Energy costs drive starch prices higher across wheat, corn and tapioca

Wheat, tapioca and corn starch prices all rose month on month in April, as energy costs tied to the Middle East conflict squeezed margins and Q2 contracts.

China set to overtake Brazil as world's top chicken meat producer

USDA forecasts point to a 5% rise in Chinese poultry output in 2026, enough to push China past Brazil as the world's largest chicken meat producer.

Southeast Asia biodiesel mandates reshape palm oil supply outlook

Three major Southeast Asian palm oil producers are raising biodiesel blending mandates, with Indonesia moving to B50 from July 2026 for public service fuel.

Vegetable oil prices ease on ceasefire news, palm oil outlook mixed

A two-week US-Iran ceasefire announced on April 8 sent Brent crude sharply lower, putting immediate pressure across the whole vegetable oil complex.

Middle East conflict drives Brazilian chicken prices higher

Brazilian chicken prices reversed sharply in week 14, with whole bird and cut prices up 5% to 7%, driven by further escalation of the Middle East conflict.

Why a $100 oil price isn't lifting sugar markets

Crude briefly touched $100 a barrel after the Strait of Hormuz closed, yet sugar has barely responded, with Sugar No. 11 edging up to just 14.45 cents/lb.

Thailand's sugar output set to fall as disease and labour shortages reshape next season

Thailand faces a meaningful cane contraction in 2026/27, as white leaf disease, reduced migrant labour and a shift to other crops reshape the coming season.

European poultry market remains under pressure after brief February recovery

A brief February recovery on the return of school meals and monthly salaries has not reversed the broader downward trend in European poultry prices.

U.S. broiler production forecast at 1.5% growth for 2026

US broiler production is projected at 48.7 billion pounds in 2026, up 1.5%, a downward revision from 2.1% after LEAP analysts adjusted their weight assumptions.

European poultry fillet prices face continued pressure after holiday demand fades

Chicken breast and fillet prices fell across Europe in January as holiday demand faded, extending a decline that began in the second half of 2025.

Trump tariffs begin in India, with rice, dairy, and tea amongst products impacted

US tariffs of 50% on most imports from India kick in today, affecting key commodities like basmati rice, spices, pulses, tea and dairy.

Starch procurement faces uncertainty as Trump tariffs reshape supply chains

Trump's 10% tariffs on major starch exporters create procurement challenges as food demand stays strong but industrial applications weaken.

Sugar prices hit four-year low as global surplus outlook emerges

Sugar futures hit lowest levels since 2021 as global surplus emerges. Brazil production recovers while European markets face mixed signals.

China's massive Sugar purchases signal market shift as Asian production outlook strengthens

Chinese buyers took an estimated 2.5 million tonnes of raw sugar in May, exhausting the import quota, while Thailand's production outlook strengthens.

Sugar prices under pressure as global surplus expectations dominate market sentiment

Global sugar surplus drives prices lower despite European beet acreage cuts and drought stress. Raw sugar hits 17.2 cents/lb.

Weather shifts ahead: La Niña’s impact on the global sugar market in 2024

La Niña is now more than 80% likely in the second half of 2024, bringing weather shifts that could cut Central-South Brazil rainfall and hit sugar output.

Global sugar prices: a temporary standstill or a prelude to change?

Global sugar prices staged a substantial recovery in January, driven by industrial buying, dry Brazilian weather, and lower 2024/25 output forecasts.

Sugar market trends 2024: Growing Reliance on Center-South Brazil

Sugar market trends 2024: Explore the balance between global sugar stocks, historically low sugar prices and supply and demand uncertainties.

Global sugar market update: a bittersweet forecast for Q1'24

Get the latest on Q1'24 global sugar forecasts with Vesper. Learn what makes the outlook bittersweet for better investment choices.

Logistical bottleneck keeps sugar prices elevated, as the global market leans on Brazil

Weather-related challenges in Thailand and India strain global raw sugar supplies, increasing reliance on Brazil. Sugar prices remain high due to logistical con

Monsoon woes and production delays: price increase

Understand how monsoon woes and production delays are driving price increases. Vesper offers timely insights for your commodity investments.

Brazilian Real and Crude dips lower sugar prices

The sugar market has been experiencing a series of ups and downs, with prices recently retreating due to the weakening of the Brazilian real and a drop in crude

Projected Global Shortfall Spurs Surprising Price Decline

Navigate the surprising dynamics of the global sugar industry in the face of projected deficits. Discover how key regions like Brazil, India, EU, Ukraine, and T

Highlights on the global sugar market: Prices slump on the outlook of a massive Brazil crop

After five weeks of gains, sugar slumped as CONAB forecast Center-South Brazil production up 4.8% on the year to 38.8 million tonnes for the new crop.

Highlights on the global sugar market: Crop slowdown, export delays, and weather disruptions

Stay updated with Vesper's highlights on global sugar market factors. Learn about crop slowdowns, export delays, and weather impacts.

Global Sugar Market Update: Prices Drop Due to Anticipated Large Brazil Harvest

Understand the drop in global sugar prices with Vesper. Learn how Brazil's large anticipated harvest impacts your trading strategy.

Highlights on the global sugar market: Is the long-term bearish sentiment gone?

Explore with Vesper whether long-term bearish sentiment in the global sugar market has shifted. Make better-informed investment choices.

Highlights on the Global Sugar market: Supply remains tight

Sugar prices rise due to supply concerns in Brazil, India, Thailand, Egypt, and Algeria export bans, plus UAE operational issues.

Highlights on the Global Sugar Market: Stable present, bearish future

Sugar prices held steady after India's mills association cut its production forecast, as strong Thai output is expected to lift exports on last year.

Highlights on the global sugar market: an expected surplus despite uncertainties

The global sugar market outlook stays positive with higher production forecasts for leading producers, despite emerging India and Thailand concerns.

Sugar prices slightly reacting to signals of supply in the next months

Global sugar markets face tight stocks into Q4-22, turning deficit for raw until Q1-23, easing with Brazil's new crop in Q2.

Certified sustainable palm oil (CSPO) production increases by almost 6% from last year

Certified sustainable palm oil production rose almost 6% last year, according to the RSPO's latest Annual Communication of Progress report on the sector.