Cabinet okays Commerce Ministry’s proposal, makes sugar a controlled commodity

After his committee reached its decision, Phumtham said on Monday that it was necessary to alleviate the burden on the public.

He said sugar is used in several products, such as canned foods, drinks and desserts, and if the price was raised, it would have an impact on the public.

Phumtham added that from now on, the price of sugar will be controlled by the central prices committee and the announcement of the sugar board would no longer be effective.

Apart from leaving the price of sugar unchanged, the central prices committee will also control the export of the commodity. Those wanting to export more than a tonne of sugar will be required to first get the approval of a subcommittee of the central prices committee.

Phumtham said the rejection of the sugar board’s decision will have no impact on sugarcane farmers as they will continue receiving subsidies from the government.