Thailand: Sugar production ample despite the effects of drought

Published 2024년 9월 5일

Tridge summary

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.
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Original content

Domestic sugar supply was sufficient to serve demand in the industrial and household sectors this year, with total consumption tallying 1.27 million tonnes in the first half, says the Office of the Cane and Sugar Board (OCSB). Sugar cane output is declining in Thailand and other countries because of drought, but officials are confident the country will not face a sugar shortage, said Virit Viseshindh, secretary-general of the OCSB. "We believe there will be sufficient sugar for the domestic market in the 2023-24 crop year, with the amount of sugar cane expected to increase in the next crop year," he said. In the 2023-24 crop year, sugar cane output tallied 82.1 million tonnes, resulting in the production of 8.8 million tonnes of sugar, part of which will be exported. Khon Kaen Sugar Industry Plc (KSL) expects sugar cane output to increase to 90-100 million tonnes in the 2024-25 crop year. The crops are scheduled to be delivered for crushing at sugar mills between November this ...
Source: Bangkokpost

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