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Thailand’s sugar industry affected by drought

With Thailand in the midst of its worst drought in four decades, sugar production is falling significantly for this year's crop cycle, pushing up the price of sugar globally, local media reported.
Thailand’s sugar industry affected by drought ảnh 1A sugarcane farmer works in a burnt field, a practice that authorities have been attempting to ban in order to reduce pollution, in Suphan Buri. (Photo: Reuters)

Bangkok (VNA) - With Thailand in the midst of its worst drought infour decades, sugar production is falling significantly for this year's cropcycle, pushing up the price of sugar globally, local media reported.

Production costs have risen in Thailand due to the drought, while the lowersupply of sugar cane worldwide is putting pressure on global prices, theBangkok Post newspaper quoted Ekapat Wangsuwan, Secretary-General of the Officeof Cane and Sugar Board (OCSB) under the Industry Ministry, as saying.

Global sugar prices stand at 15 cents per pound, thanks to sugar-cane plantationsslashing output globally, said Ekapat.

The OCSB expects sugar-cane output in the crop year 2019-20 to stand at 80million tonnes, down from 130.97 million tonnes in the last crop year.

The board reported that Thailand's sugar-cane production from December 1, 2019to February 15, 2020 stood at 7.4 million tonnes, down 14 percent year-on-year.

According to Ekapat, the drought crisis has reduced sugar-cane output and sugarmill exports, while it pushes up global sugar prices. However, Thailand's exportsfrom sugar mills are down. In the crop year 2018-19, sugar mill productioncapacity was 14.58 million tonnes and exports totalled 11.98 million tonnes as2.6 million tonnes was sold domestically.

The Thai Sugar Millers Corporation (TSMC) is concerned that the drought willcut sugar-cane output and cane yields. The sugar-cane output in the crop year2019-20 is forecast to fall below 80 million tonnes of sugar cane andproduction from sugar mills will be 9 million tonnes due to the drought.

Thailand is the world's fourth-largest sugar producer and the second-largestexporter, after only Brazil. The Southeast Asian country has 57 sugar millfactories with a capacity of 983,587 tonnes a day and sugar-cane plantations in47 provinces spanning 1.8 million hectares./.
VNA
#Thailand #Ekapat Wangsuwan #Office of Cane and Sugar Board #Industry Ministry #drought crisis #Vietnam #VietnamPlus #Viet Nam News Thailand
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