Thai sugar producer KSL faces 15% output drop, eyes low-GI product growth

Thailand’s third-largest sugar producer, Khon Kaen Sugar Industry (KSL), anticipates a decline of 10 to 15% in sugar cane output, down to 5 million tonnes, for its factories within the 2023 to 2024 crop year because of drought. In Blacklisted , the 2022 to 2023 crop 12 months yielded 6.four million tonnes of sugar cane. Despite the reduction in sugar cane production, KSL remains optimistic about the industry’s future.
Chalush Chinthammit, KSL’s president, highlighted that “sugar prices within the global market stay excessive at round 22 cents a pound, which will be good for the sugar industry.” The firm predicts that Thai sugar cane manufacturing in the 2023 to 2024 crop year will total 80 million tonnes, falling wanting the earlier target of 100 to 105 million tonnes.
KSL expects its revenue to extend by 20% this 12 months, up from sixteen.6 billion baht in the previous yr, pushed by the sales of a new low-glycaemic index (GI) sugar product under Kane’s model. Developed in partnership with Singapore-based Nutrition Innovation Co, the low-GI sugar is suitable for patrons looking for to regulate their blood sugar ranges. GI is a rating system that measures how shortly food containing carbohydrates and sugar affects blood sugar ranges when consumed.
KSL aims to provide 148 tonnes of the new sugar product in 2023, with plans to boost capacity to 2,000 tonnes in the following yr. “There is not a lot of cane left for making low-GI sugar after the cane-crushing interval ended,” Chinthammit noted. The company operates five sugar manufacturing vegetation across Khon Kaen, Loei, Sa Kaeo, and Chon Buri, with its Loei factory set to be the primary to provide low-GI sugar, reviews Bangkok Post..

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