Thailand may have a record sugar production in the next crop

thai exports Sugar production in Thailand, the world’s second largest exporter after Brazil, is estimated to achieve record production, from November 2014, after the government of the country promote the plantations increase between farmers, according to Bloomberg. The production may rise 6.3%, or the equivalent of 110 million tons of sugarcane and the exported amount can be up to 9 million tons in 2015, from 8 million tons this year. The growth of production in Thailand can reduce the price of raw sugar traded in New York and global demand may exceed production in 2014/15, after a surplus in sugar stocks this year and in previous years, according to estimates Kingsman SA.

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