Thailand: Sugar Semi-annual
Link to report:
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. The sugar tax has curbed demand for sugar in nonalcoholic beverage production since MY2017/18. Additionally, uncompetitive export prices and a sluggish economic situation in countries importing canned and processed pineapple has negatively impacted overall sugar utilization. MY2018/19 and MY2019/20 sugar exports are revised downward to 9.3 MMT and 10.5 MMT, respectively.
