China: Sugar Semi-annual
China’s sugar production in marketing year (MY) 2017/18 is forecast to increase for the second consecutive year, with expanded acreage for both sugar cane and sugar beets. This increased domestic production, coupled with the safeguard measure on sugar imports, is expected to result in Chinese sugar imports continuing to fall in MY 2017/18. Although industry contacts expect global prices to weaken due to robust world supplies, restrictions on imports and high domestic production costs are expected to soften the decline in domestic prices.
