Drought cuts Thai sugar output to 9-year low
Sugar production in Thailand is expected to fall 28% to a nine-year low of 10.5 million tonnes in the current crop season as drought curtails cane supplies, according to Rangsit Hiangrat, director-general of Thai Sugar Millers Corp.
The reduced production for 2019-20 will limit shipments from the world’s second-biggest sugar exporter and support global prices which are trading near their highest level in 30 months.
