Sugarcane farmers are pleased with the initial sugarcane price for 2023/2024 at 1,420 baht per ton of sugarcane.

Government House, Sugarcane farmers smile as the Cabinet approves the initial sugarcane price for 2023/2024 at 1,420 baht per ton of sugarcane. Farmers increase their income by hundreds of thousands of baht per farmer. Mr. Chai Watcharong, spokesman for the Prime Minister's Office, revealed that the Cabinet meeting determined the initial price of sugarcane and the return on primary sugar production and sales for the 2023/2024 production season. All 9 districts calculated the sugarcane price as the same price throughout the country as follows: -Initial sugarcane price for the production season 2023/2024 at the rate of 1,420 baht per ton of sugarcane at a sweetness level of 10 C.C.S.2 or equal to 91.43 percent of the estimated nationwide average sugarcane price of 1,674.64 baht per ton of sugarcane) and set the step/down rate The sugarcane price is equal to 85.20 baht per 1 C.C.S. unit. The return on production and sale of primary sugar in the 2023/2024 production season is equal to 608.57 baht per ton of su garcane. In addition, the Cabinet also approved the determination of the final price of sugar cane and the final return on production and sale of sugar for the 2022/2023 production season on a per-area basis for each of the 9 districts as proposed by the Ministry of Industry. The average rates across the country are as follows. -Final sugarcane price, production season 2022/2023, at the rate of 1,197.53 baht/sugarcane plant at a sweetness level of 10 C.C.S. -The rate of increase/decrease in sugarcane prices is equal to 71.85 baht/1 C.C.S. unit and the final return on sugar production and sales for the 2022/2023 production season is equal to 513.23 baht/sugarcane plant. 'The price of sugarcane this year has continued to increase from last year. From the initial price in 2022/23, the price is 1,080 baht per ton and the final price is 1,197.53 baht, resulting in a group of approximately 400,000 sugarcane farmers having additional income of hundreds of thousands of baht per person this year. Meanwhile, the fa ctory has begun to gradually pay the difference to additional sugarcane farmers. This is welcome news for sugarcane farmers. When you see the initial price in 2024 has continued to increase from the previous year,' Mr. Chai said . Source: Thai News Agency