Severe Drought to Cut Thailand’s Sugar Output by Almost a Fifth
- Industry group sees output dropping 18% in 2023/24 season
- Country is the world’s biggest sugar exporter after Brazil
Photographer: Dario Pignatelli/Bloomberg
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Thailand’s sugar output will drop by almost a fifth in the upcoming harvest due to a severe drought, according to the country’s lead industry association, which will further tighten the global market.
Production will fall by 18% to around 9 million tons in the 2023/24 season, said Rangsit Hiangrat, director of Thai Sugar Millers Corp. Extreme heat and dryness will probably become worse in the coming years, he said in an phone interview on Thursday.