Sacks of refined sugar at a cash & carry store in Bangkok. (File photo)
Thailand’s sugar output is set to be even lower than expected this season after dry weather stunted growth, which will squeeze global supply and could extend a rally in benchmark futures.
Industry group Thai Sugar Millers Corp has trimmed the top end of its forecast production range by 500,000 tonnes to 7.5 million tonnes for 2023-24, according to Director Rangsit Hiangrat. Should output meet…
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