Thailand: Sugar millers will offer higher price for sugarcane in 2021-22 season

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The sugarcane output in Thailand for the 2021-22 crop year is likely to drop below 100 million tonnes due to the drought in the country. There is tough competition among the sugar millers that are offering higher prices to buy crops.

According to the news report published in Bangkokpost.com, Rangsit Hiangrat, director-general of the Thai Sugar Millers Corporation (TSMC) said that Thailand will receive less rainfall this year during the wet season.
The sugarcane production is likely to be 70-75 million tonnes in the new crop year.

Thai sugarcane output decreased to 66.7 million tonnes in 2020-21 from 74.9 million tonnes in 2019-20.

According to TSMC, sugar millers are likely to produce less than 7 million tonnes of sugar in 2021-22, compared with a record 14.7 million tonnes in 2017-18.

Narathip Anantasuk, head of the National Federation of Sugarcane Planters said, “Drought has caused some sugar millers in Thailand to announce they will purchase sugarcane from farmers at 1,300 baht per tonne in 2021-22 season, up from the normal price of 1,000 baht a tonne.”

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