Sugar Annual Report, Thailand – 18th April 2019
18th April 2019
MY2018/19 and MY2019/20 sugar production is expected to decline 2-3 percent from record production in MY2017/18 due to reduced sugarcane acreage and average yields. The new sugar tax has significantly reduced demand for sugar in non-alcoholic beverage production. MY2018/19 and MY2019/20 sugar exports growth are expected to slow down from record sugar exports in MY2017/18.