Thailand sugar production is estimated to be up 16% — USDA
Thailand sugar production is estimated to be up 16% — to 10.2 million tonnes due to favorable weather resulting in increased sugarcane production and sugar yields.
It is reported by USDA in its November report.
Consumption continues to rise but at a slower rate due to lower expected disposable income. Exports are estimated to nearly double with the higher production while stocks are expected to drop by a third on higher exports.