The sugar cane production in Thailand is forecasted to be only about one-third of the previous season

Source: thesaigontimes.vn Illustration VNA quoted Director of Thai Sugar Millers Corp., Mr. Rangsit Hiangrat, as saying that Thailand's recent sugarcane output forecast for the 2023-2024 crop year is only 7.5 million tons, lower than the forecast. output in November 2023 is 500,000 tons and is only nearly 1/3 of the output in the previous season. Mr. Rangsit confirmed that there was no rain during the critical period when sugarcane needed water to grow. The rainy season came late when the sugarcane plants were already stunted, so that didn't help much. World raw sugar prices have risen to their highest level since April 2023, due to tight supply and lower sugar output from Thailand. According to Thai Government data, the country's sugarcane producers are seeing the lowest sugarcane crushing output in more than 13 years. The Office of the Cane and Sugar Commission said Thai companies have produced 4.9 million tons of sweetener from about 49.6 million tons of crushed sugarcane since ...