Thai cabinet on 9th June approved financial assistance of THB10 billion (US$321 million) to be paid to about 300,000 sugarcane growers under a subsidy programme.
With Thailand in the midst of its worst drought in four decades, cane growers are hit hard by the decline in both drop in productivity and rising production costs, placing a severe strain on their enterprise. To mitigate this, the Industry Ministry has stepped in with financial of THB10.2 billion (US$318 million).
Thailand – 2019/20 campaign ends with sugar output falling 43% to 8.27 million tonnes [Full subscriber]
The 2019/20 campaign ended recently, according to the Thai Sugar Millers Corporation. Both sugarcane production and cane sugar production fell by 43% – cane output from 130.97 million tonnes in the previous year to 74.89 million tonnes and sugar output from 14.58 million tonnes to 8.27 million.
The biotech start-up Advanced Biochemical (Thailand, (ABT)) recently announced that is boosting the amount of biobased epichlorohydrin (ECH) it produces at its facility in Map Ta Phut, Thailand, to 120,000 tonnes/year – an increase of 20,000 tonnes.
Thailand – Khonburi Sugar expects 2020/21 revenues from sugar production to drop by 25-35% [Full subscriber]
With the worst drought in Thailand in 40 years, Khonburi Sugar has acknowledged that revenue from sugar production is likely to decrease by 25-30% on the back of drop in cane production.
Sugarcane growers in eastern and central Thailand have been burning their fields at night despite authorities’ ban on the practice to curb air pollution.
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.
China’s crackdown on sugar smuggling inflicts storage headache for the Thai industry [Full subscriber]
A crackdown on sugar smuggling into China is creating a major storage problem for exporters/producers in Asia in particular, reported Reuters.
The Office of the Cane and Sugar Board (OCSB) projects the sugar industry will lose THB10 billion (US$326 million) in the upcoming sugar-crushing season because of the baht’s appreciation and the global oversupply, according to the Bangkok Post.