Thai sugar production is forecasted up 16% — USDA
Thailand sugar production is forecast to be up 16 percent to 10.2 million tonnes due to a recovery in sugarcane production and increased cane sugar yield.
It is reported by USDA in its May report.
Consumption continues to rise but at a slower rate due to lower expected disposable income. Exports are forecast to level off after surging the year before while stocks are expected to drop sharply due to lower beginning stocks.