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 in the 2023 to 2024 crop 12 months as a result of drought. In comparison, the 2022 to 2023 crop yr yielded 6.four million tonnes of sugar cane. Despite Best selling in sugar cane manufacturing, KSL stays optimistic concerning the industry’s future.
Chalush Chinthammit, KSL’s president, highlighted that “sugar prices in the world market remain high at round 22 cents a pound, which shall be good for the sugar trade.” Itemized predicts that Thai sugar cane manufacturing within the 2023 to 2024 crop 12 months will complete 80 million tonnes, falling short of the earlier target of a hundred to a hundred and five million tonnes.
KSL expects its revenue to increase by 20% this yr, up from 16.6 billion baht within the earlier yr, driven by the sales of a model new low-glycaemic index (GI) sugar product underneath Kane’s model. Developed in partnership with Singapore-based Nutrition Innovation Co, the low-GI sugar is appropriate for customers seeking to regulate their blood sugar ranges. GI is a score system that measures how quickly meals containing carbohydrates and sugar affects blood sugar levels when consumed.
KSL aims to provide 148 tonnes of the brand new sugar product in 2023, with plans to boost capability to 2,000 tonnes in the following year. “There is not a lot of cane left for making low-GI sugar after the cane-crushing period ended,” Chinthammit famous. The company operates five sugar manufacturing vegetation throughout Khon Kaen, Loei, Sa Kaeo, and Chon Buri, with its Loei manufacturing facility set to be the primary to provide low-GI sugar, reviews Bangkok Post..

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