Thai Cane and Sugar Corp will sell 120,000 tonnes of raw sugar tomorrow. The amount includes 60,000 tonnes for delivery between March and May 15,2011 and the same volume for shipment between May and July 15,2011, according to Surat Thadachawasakul,general manager of the state-owned company.
The company each year offers 400,000 tonnes of so-called quota-B sugar for sale to trading firms under long-term contracts. The auction tomorrow will be the first tender round of the 2010-11 crushing season.
Raw sugar for March delivery was trading on Monday at 21.63 cents a pound in New York, down from a 28-year high of 25.43 cents on Sept 30.
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