Sugar Exports From Thailand Jumping 22% to Record on Demand
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Sugar shipments from Thailand, the second-biggest exporter, will surge 22 percent to a record this year as output expands to an all-time high and Asian demand increases, according to the Office of the Cane and Sugar Board.
Exports will climb to 9 million metric tons this crop year, beating the 8.5 million tons estimated in December and last year’s 7.4 million tons, said Somsak Suwattiga, secretary-general of the state-run board. Output of sugar from the cane harvest now in progress will be as much as 11.5 million tons, more than 11 million tons estimated in December, he said. Sugar output was 10.02 million tons in 2012-2013, board figures show.