Sugar outlook getsworse as yields slide after dry spell

PUBLISHED : 6 Feb 2024 at 10: 44 Sacks of improved sugar at a money & bring shop in Bangkok. (File image) Thailand’s sugar output is set to be even lower than anticipated this season after dry weathercondition stunted development, which will capture worldwide supply and might extend a rally in standard futures. Industry group Thai Sugar Millers Corp has cut the leading end of its projection production variety by 500,000 tonnes to 7.5 million tonnes for 2023-24, according to Director Rangsit Hiangrat. Should output fulfill that quote, it would be a 3rd lower than what was produced in the previous season. “Rainfall
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