SUGAR REPORT | 18.05.2020 | WORLD NEWS
• Sugar mills warn over drought – FO Lichts - Thailand's sugar mills are warning that another drought could significantly cut into output for the 2020/21 crop year, according to the Bangkok Post. Siriwut Siempakdi, president of the Thai Sugar Millers Corporation (TSMC) public relations working group, said the industry must brace for the next drought. Thailand produced 8.27 mln tonnes of sugar, tel quel, from 74.9 mln tonnes of cane in 2019/20. If the cane area in northeastern Thailand sees lower-than-normal rainfall during the wet season, the 2020/21 crop could experience record lows in output.
• Mills worried about 44 million mt sugar supply in 2020/21 – ECRUU - Domestic sugar prices have recovered slightly in northern India but demand remains weak, according to traders. Mills are concerned about next season, when production could rebound to 30-31 million mt of sugar with some 12-13 million mt of carryover stocks which would result in a supply of up to 44 million mt, compared to demand of 25 million mt, according to an analysis on Cogencis.