The numbers in China’s sugar market are misleading, from stocks to demand for AIL licenses.
The spot month of January and second month of March on the Zhengzhou futures market closed Monday 13 December at CNY5,746 and CNY5,755 compared with CNY5,564 and CNY5,893, respectively, on November 15. Domestic prices as of December 13 in key locations were as follows: CNY per tonne inclusive of VAT December 13 Nov-15 Guangxi 5,680
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