Drought likely to push up sugar prices

Domestic refined sugar prices are likely to increase soon as production costs rise based on higher cane prices, which have been affected by drought.

According to a source from the Cane and Sugar Board who requested anonymity, the trend for ex-factory refined prices in the country is an increase of 4 baht per kilogramme, possibly occurring this month.

This increase is expected to be split into a 2-baht hike…