Thailand plans to increase sugar exports to 9 million tonnes in 2022/23
Sugar
Thailand
Published Feb 10, 2023
Tridge summary
Thailand expects to export 9 million tonnes of sugar in crop year 2022/23, up 17% from the previous period, the Cane and Sugar Board Office said on Friday. The country, one of the world's biggest exporters of the commodity, plans to produce 11.5 million tonnes of sugar, grinding 106 million tonnes of sugarcane by the end of the season in March, said Samart Noiwan, director of the strategy division. and planning board, told Reuters. Thailand consumes 2.5 million tonnes of sugar a year, he said. This year's sugarcane production has returned to the 100 million tonnes level for the first time since 2019 due to favorable global prices that have led farmers to grow more cane. Sufficient rainfall also helped, Samart said. In 2021/22, Thailand produced 10.15 million tons of sugar, crushed 92.07 million tons of sugarcane and exported 7.69 million tons of sugar.
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