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Sugar Production in Thailand to Reach Record on Yield, Boosting Shipments
Posted on April 26, 2011
Sugar output in Thailand, the biggest exporter after Brazil, will exceed a forecast to reach a record after rainfall increased yields, boosting shipments to an all-time high, according to the Office of the Cane & Sugar Board.
Production may climb to 9.47 million metric tons in the year started Nov. 28 and exports will surge to 6.67 million tons, Secretary-General Prasert Tapaneeyangkul said in a phone interview today. That compares with forecasts of 9.11 million tons of output and 6.3 million tons of exports he made on April 20. Last year production totaled 6.93 million tons and shipments were 4.63 million tons.
“It will be a historical high level as unseasonal rains from La Nina improved yields and high prices attracted farmers to increase plantings,” Prasert said. Full-year cane production may surge to 92 million tons compared with 88 million tons estimated last week, he said.
To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net;
To contact the editor responsible for this story: James Poole at jpoole4@Bloomberg.net