2023-10-10 15:00:02
Stock Dimension – BRR is ready for D-Day biomass pellet production in Lao PDR, starting this November, confident that this year’s performance will grow. The sugar business has performed well following the price and the depreciation of the baht.
BRR or Buriram Sugar Public Company Limited by Mr. Anan Tangtrongwechakit The Chief Executive Officer revealed that in November 2023, he will operate the biomass pellet business in Lao PDR with a 15-year sales contract with a Japanese trading partner at a volume of 100,000 tons per year. He is confident. that it will reduce the risk of volatility from the sugar business
Biomass briquettes start operating in November. this
Performance trends for the second half of the year show good growth from all business groups. The sugar business is still in a good direction. from the price of sugar remaining stable at a high level and the value of the baht which tends to depreciate continuously It is also expected that 2024 will be a golden year for the business. The sugarcane production volume is expected to increase according to the target set at 2.5 million tons. Sales and purchase contracts have already begun.
Sugarcane quantity target for 2024 is set at 2.5 million tons.
Meanwhile, the fertilizer business has benefited from lower production costs. and the volume of fertilizer sales is expected to increase from the expansion of sugar cane cultivation areas, as well as sugar stocks waiting to be delivered in the second half of the year. Also received a good price from the adjustment of world sugar prices.
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