Thailand: Sugar Semi-annual

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 exports will likely more than double in MY2021/22 and further increase to 11 million metric tons in MY2022/23 due to larger exportable supplies of sugar and strong demand in Southeast Asia. Domestic sugar consumption is likely to slowly grow in line with the economic recovery.