Thailand: Sugar Annual
19th April 2022
Sugar production recovered to normal levels between 10 and 11 million metric tons in MY2021/22 and will remain at those same levels in MY2022/23 due to high fertilizer costs and limited acreage expansion. The recovery in exportable sugar supplies will help boost raw and refined sugar exports in MY2021/22 and MY2022/23.
FAS Bangkok (Post) forecasts MY2022/23 sugar production to grow at a slower pace than MY2021/22, which saw a recovery in sugarcane production after two consecutive years of drought. Small-scale farmers continue to grow cassava despite attractive sugarcane prices due to higher fertilizer costs in sugarcane production. Post expects that sugar consumption will gradually recover in
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