19 Dec 2022
Industry
Sugar is one of the products that will likely help boost Thai food and beverage exports during 2022 and through to 2023, thanks to the elevated global sugar prices and recovery in domestic sugar output. Additionally, its demand remains intact as COVID-19 in many countries has begun to ease and due to the global food crisis. However, there are challenges from higher global sugar supplies that may cause international sugar prices and export prices of Thai sugar to decline. Moreover, intense price competition in global sugar markets, uncertainty surrounding the new Sugarcane and Sugar Act, and sugar consumption policies and trends of trade partners may affect Thailand’s sugar production and exports going forward. ... Read more
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30 Nov 2018
Sugarcane leaves and tops, once considered residue in the sugarcane plantation field, can be used to add economic value and income for sugarcane growers. In the 2017/2018 crop year, the combined amount of sugarcane leaves and tops reached 22.94 million tons. KResearch estimates that, based on the current mechanical readiness of sugarcane farmers, only around 3-4 million tons of sugarcane leaves and tops were collected, generating an additional net income after cost deductions of around THB1 billion. However, sugarcane leaves and tops have the potential to create as much as THB6.8 billion worth of net income for sugarcane farmers if all 22.94 million tons of them were used to make by-products.... Read more