The Office of the Cane and Sugar Board (OCSB) in Thailand reports that the domestic sugar supply is sufficient to meet demand despite a decline in sugar cane output due to drought. In the first half of the year, 1.27 million tonnes of sugar were consumed. Officials are confident there will be no shortage in the 2023-24 crop year, with an expected increase in sugar cane output to 82.1 million tonnes, producing 8.8 million tonnes of sugar, some of which will be exported. Khon Kaen Sugar Industry Plc (KSL) forecasts a further rise in sugar cane output to 90-100 million tonnes in the 2024-25 crop year, resulting in 9-10 million tonnes of sugar. Global sugar prices have surged by 30%, reaching a 12-year high, as Brazil shifts its sugar cane use from ethanol to sugar production to take advantage of higher prices.