Thai's sugar output heads for 3-year high on bigger crop
Sugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects.
It is reported by Bangkok Post.
Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced 9.6 million tonnes from crushing 87.75 million tonnes of cane since the start of the harvest season on Dec 7, the group said on Tuesday.
The sugar cane harvest may total 90 million tonnes, up 35% from 66.7 million tonnes in the previous season, the group estimated. The Southeast Asian nation may end up exporting about 70% of the sugar output, with the rest being consumed locally, according to Sirivuthi Siamphakdee, an executive at the Millers Corp.
While the group expects cane harvest and sugar production to further expand in the 2022-23 season, Russia’s war in Ukraine has muddied the outlook, Mr Sirivuthi said. The group previously forecast 100 million tonnes of cane and as much as 13 million tonnes of sugar in the coming season.