According to the Office of the Cane and Sugar Board (OCSB), domestic sugar supply was adequate to meet the needs of both industrial and household sectors this year, with total consumption reaching 1.27 million tonnes in the first half of the year, reports Bangkok Post.
Despite a decline in sugarcane production in Thailand and other countries due to drought, OCSB Secretary-General Virit Viseshindh assured that the country will not face a sugar shortage. “We believe there will be sufficient sugar for the domestic market in the 2023-24 crop year, with sugarcane output expected to increase next year,” he said.
During the 2023-24 crop year, Thailand produced 82.1 million tonnes of sugarcane, leading to the production of 8.8 million tonnes of sugar. A portion of this output will be exported, but officials are confident that domestic needs will still be met.
As per news report by Bangkok Post, Khon Kaen Sugar Industry Plc (KSL) projects sugarcane output to rise to 90-100 million tonnes for the 2024-25 crop year. The sugar mills are scheduled to begin crushing the crops between November this year and April 2025, which could result in 9-10 million tonnes of sugar, according to KSL President Chalush Chinthammit.
Thailand currently operates 57 sugar factories, with domestic sugar prices regulated by the Commerce Ministry, ranging from 27 to 28 baht per kilogramme.
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