News

Sugarcane harvests in India and Thailand are better than expected, says Wilmar

Sugarcane
Vegetables
Brazil
Published Mar 2, 2024

Tridge summary

Sugarcane crops in India and Thailand, two of Asia's leading producers, are showing promising results in the final stages of the harvest, according to commodities trader Wilmar. This indicates a potential increase in sugar supply in the region. Thailand's sugarcane crushing is expected to reach up to 85 million metric tons, producing between 8.5 million and 9 million tons of sugar. India's sugar production is also expected to exceed 33 million tonnes. Additionally, Wilmar forecasts a strong new sugar season for Brazil, with production potentially reaching between 42.5 million and 44.5 million tons in 2024/25.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

By Marcelo Teixeira NEW YORK (Reuters) - Sugarcane crops in India and Thailand, two of Asia's top producers, are looking better in the final stages of the harvest, indicating greater sugar supply in the region, commodities trader Wilmar said. based in Singapore, on Friday. "Thailand's harvest is much better than expected," Karim Salamon, head of sugar analysis at Wilmar, said in comments sent to Reuters. He expects sugarcane crushing in Thailand to reach up to 85 million metric tons, with sugar production between 8.5 million and 9 million tons. "That's more than 1 million tons more sugar compared to most forecasts just three weeks ago. With this harvest, the Far East's S&D (supply and demand) is balanced," he said. Salamon said India's crop was on track to surprise positively, adding that 462 mills were still operating in the country, compared to 441 mills at this time last year. "Despite weaker monsoons in summer 2023, Indian sugar production will be above 32.5 million tonnes and ...
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