Sugarcane is one of the significant economic crops. In the past, it was a food plant grown mainly for sugar production. Later, it became an energy plant that played a vital role in ethanol production. This process yields by-products that can be utilized as organic fertilizers and bagasse, which can be used as raw material in power generation. In the era of 4.0 industry, however, sugar cane and sugar are evolving a step further. As the CEO of Buriram Sugar Plc. (BRR), a pioneer in the cane and sugar industry in Northeastern Thailand for over 50 years, Anant Tangtongwechakit gave an interview to a local newspaper on the company’s business plans and future investment directions.
The amendments to the Cane and Sugar Act, which cover a range of issues including the utilization of cane in bioindustry to increase value for the cane industry, the discontinuation of governmental subsidies, and the abolishment of price compensation if the initial price is higher than the final counterpart, are being submitted to the Cabinet. The draft Act will then be proposed to the National Legislative Assembly for review. The entire process is expected to take about six months.
Brazil has requested a meeting with Thailand to update progress on its sugar system restructuring and the amendments to the Cane and Sugar Act and other related laws. In addition, Brazil has expressed its willingness to cooperate with Thailand to formulate plans for the development of the country’s economy, production technology, human resources in the cane and sugar industry, and bioindustry.