Thailand targets record sugar production

Published 2025년 2월 18일

Tridge summary

Thailand is experiencing a surge in sugar production as farmers are shifting from cassava to sugar cane due to the latter's higher profitability with falling cassava prices. The country, being the world's second-largest sugar exporter, anticipates its sugar output to reach a seven-year peak in the 2025/26 season, potentially rising to 13.2 million tonnes. This shift could lead to lower global sugar prices, allowing importing countries to purchase sugar at reduced costs and possibly triggering price competition among exporters like Brazil and India. This situation highlights the cyclical nature of agricultural commodities and the importance of adaptability in agricultural strategies for countries like Thailand, potentially influencing global food security strategies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thailand is eyeing a surge in sugar production as dropping cassava prices lead farmers to favor sugar cane. The shift could see sugar output reaching a seven-year peak in the 2025/26 season. It is reported by finimize. Thailand, the world’s second-largest sugar exporter, is set to ramp up its production as farmers pivot away from cassava. With cassava prices tumbling 37%, many are reverting to sugar cane cultivation. Mitr Phol Group anticipates cane production to jump to 105 million tonnes from the current 92 million, while sugar output could climb to 11.5 million tonnes. This export-centric push is facilitated by Thailand’s modest local sugar consumption, which remains around 2.5 to 3.0 million tonnes. Industry analysts like Marex and Green Pool foresee a continuing expansion in cane planting areas for the upcoming seasons, predicting a potential sugar production high of 13.2 million tonnes by 2025/26, assuming favorable weather and yield improvements. Thailand’s increase in ...

Source: UkrAgroConsult