What is Thai Hi-Pol Sugar?
Thailand's Hi-Polarization sugar is one of the most popular qualities of raw sugar traded in Asia and further afield.
Often abbreviated to Hi-Pol or just HP, its specifications are typically for minimum polarization of 98.5°. Thailand also produces another quality of raw sugar specifically for Japanese buyers called J-Spec, which has maximum polarization of 97.99°.
Sugarcane is grown predominantly in Thailand's Northeastern, Northern and Central regions, and then processed by local millers into raw sugar before being transported south to the coast.
Destinations for Thai Hi-Pol sugar include China, Indonesia, Japan, Korea and Malaysia, to name but a few.
Over the past five years, Thailand has produced an average of some 10.7 million tons tel quel of sugar each year, with annual exports of raw sugar in excess of four million tons.
Platts Thai Hi-Pol sugar is for prompt shipments on a FOB basis from Bangkok, Laem Chabang, Koh Si Chang and Sri Racha. Platts Thai J-Spec is the other raw sugar price assessment, and considers shipments from the same four locations.
Platts publishes a range of other raw and white sugar assessments tailored to specific markets in Brazil, Thailand and Europe that are used by the industry to manage risk in an integral agricultural market.