태국 허브, 향신료 및 조미료 인사이트

Thailand is eyeing a surge in sugar production as dropping cassava prices lead farmers to favor sugar cane. The shift could see sugar output reaching a seven-year peak in the 2025/26 season. It is reported by finimize. Thailand, the world’s second-largest sugar exporter, is set to ramp up its production as farmers pivot away from cassava.

The Asian sugar market is poised for significant shifts in 2025 driven by a combination of agricultural dynamics, environmental policy and global market conditions. The global biofuel movement, propelled by a collective drive to limit carbon emissions by 2030, will have a trickle-down impact on the sugar market, particularly in regions where sugarcane is the primary feedstock for biofuels. Higher cane output from Thailand In Thailand, the 2024-25 sugarcane crushing season commenced Dec. 6, starting from the Eastern and Northeastern regions. S&P Global Commodity Insights estimates the cane crush for marketing year 2024-25 (October-September) at 102 million mt, a 24% increase year over year. “We should be seeing strong Thai exports in Q1 2025, especially during a period of seasonal tightness in the global market without Brazilian crop,” said a Singapore-based trader.

The planned "salt tax" is expected to materialise within the next year, with implementation in the form of a tiered system based on sodium levels.