Vietnamplus

Sugar makers in Thailand have warned that another drought could significantly cut into sugar output in the 2020-2021 crop, according to local media.

Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Vietnam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.

The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Vietnam Sugar and Sugarcane Association.

The sugar industry aims to produce 1.56 million tonnes of sugar from processing 15.67 million tonnes of sugarcane during the 2015-2016 season.