Thailand is on track to have the country's second worst sugarcane harvest in 14 years in 2023/24

Sugarcane

Vegetables

Thailand

Published May 11, 2023

Tridge summary

The 2023/24 harvest (December-November) in Thailand, which is among the three largest global producers, is on track to be the second worst in the last 14 years in the country, close to the level of the 2009/10 season, totaling 74 million tons . In the current cycle, 2022/23, sugarcane production should be around 94 million tons.

Original content

"Despite record cane prices for Thai farmers in the 2022/23 season and higher prices forecast for the 2023/24 season, we believe that the supply of cane for the next season will fall to 74 million tonnes," the trading company said. English Czarnikow. Prices are expected to be the highest in over a decade, forecast at around THB 1,100 per tonne. It's not just Thailand that has problems with its sugarcane crop. Other Asian countries, such as India, also have impacts. As a result, the world's dependence on Brazil's 2023/24 crop is increasingly evident, which may crush close to 600 million tons, and will take part of the market. The trading company explains that the result of the 2023/24 harvest should be impacted by the reduction in the planted area due to competing crops, which pay more to farmers, in addition to the risk of lower agricultural yields due to the predicted dry weather as a result of the El Niño weather pattern . "Less than 20% of Thailand's sugarcane area has access ...

Source: NoticiasAgricolas