Browse Data and Analysis

FAS/Bangkok (Post) forecasts MY 2024/25 sugar production to increase to 10.2 MMT. MY 2023/24 sugar exports are likely to decline 26 percent due to competition from Brazil. Post expects sugar exports to double in MY 2024/25 from MY 2023/24 in anticipation of tight exportable sugar supplies in the major exporting countries.

MY 2024/25 sugar production is expected to recover from a 20 percent slump in MY 2023/24. Sugar consumption growth will likely decelerate in MY 2023/24 and MY 2024/25, following Thailand’s slow economic recovery and shrinking sugar demand by non-alcoholic beverage manufacturers due to the progressive sugar tax.

A drought during the intensive growth stage impacted MY2023/24 sugarcane production and led Post to lower the sugar production forecast by 15 percent from MY2022/23.

Sugar production in MY2022/23 and MY2023/24 is still far below record production levels due to reduced sugarcane acreage.

Sugar production recovered to normal levels of around 10 million metric tons in MY2021/22 and is likely to further increase by 3 percent in MY2022/23. Sugar production, however, remains far below record production levels due to limited acreage.

Sugar production recovered to normal levels between 10 and 11 million metric tons in MY2021/22 and will remain at those same levels in MY2022/23 due to high fertilizer costs and limited acreage expansion. The recovery in exportable sugar supplies will help boost raw and refined sugar exports in MY2021/22 and MY2022/23.

MY2021/22 sugar production and exports are on pace to recover from the record low production in MY2020/21 with the help of favorable weather conditions.

MY2021/22 sugar production is expected to recover to 10.6 MMT following two consecutive years of dramatically reduced production due to drought.

Thailand’s sugar syrup exports to China increased more than twelvefold by volume in the first eight months of 2020 when compared to the same period in 2019.

MY2020/21 sugar production is expected to recover from the reduced sugarcane production in MY2019/20 caused by adverse weather condition...

Sugarcane production in MY2019/20 is forecast to decline by 6 percent from MY2018/19’s level, which will reduce sugar production to 13.5 MMT.

MY2019/20 sugar production is expected to decline to 13.9 million metric tons, down for the second consecutive year from record production in MY2017/18 due to reduced sugarcane acreage....