Thai Sugar Exports May Drop as Local Demand Gains, Prasert Says
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Sugar exports from Thailand, the second-largest shipper, may fall 5 percent in 2011 as local buyers are allotted a higher share of output, according to the Office of the Cane and Sugar Board.
Shipments may total 4.4 million metric tons in 2011 compared with 4.63 million this year and 5.1 million in 2009, Secretary-General Prasert Tapaneeyangkul said in an interview today. The allocation for local consumption will rise 8.7 percent to 2.5 million tons next year, Prasert said by phone.