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Thailand's MY2013/14 Sugar Production Expected to Increase

Thailand's MY2013/14 Sugar Production Expected to Increase

23 April 2014
USDA Foreign Agricultural Service

THAILAND - MY2013/14 sugar production is expected to increase to 11.4 million metric tons, up 14 per cent from the previous year due to a better than expected average sugar extraction rate resulting from favorable weather conditions. This will likely spur sugar exports to around 9 million metric tons.

Meanwhile, MY2014/15 sugar production is forecast to decline to 10.4 million metric tons, down 9 per cent from the previous year, in anticipation of El Nino related weather conditions.

This will likely affect the average yield of sugarcane and overall sugar extraction rates.

However, MY2014/15 sugar exports are likely to increase to 9-10 million metric tons due to large inventories from MY2012/13 and MY2013/14.

In addition, Thai sugar exports will likely benefit from the ASEAN (Association of Southeast Asian Nations) Economic Community Agreement (AEC), which takes effect in 2015.

Further Reading

You can view the USDA GAIN: Thailand Sugar Annual 2014 report by clicking here.

TheCropSite News Desk



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