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Thailand will reverse a 20% increase in domestic sugar prices, a senior official said on Tuesday after cabinet approved classifying the commodity as a controlled good.
Prices must be amended back to 19 baht and 20 baht for white sugar and refined white sugar, respectively, as before, Cane and Sugar Board deputy secretary-general Virit Viseshsindh told Reuters.
(Reporting by Panarat Thepgumpanat, Writing by Chayut Setboonsarng)