China: Sugar Annual

MY 2021/22 estimates for production, trade and consumption are all revised downward. The production side is affected primarily by abnormal weather, COVID impacts, and crop competition. MY 2021/22 cane sugar production is revised to 8.7 MMT, down 500,000 MT from the official estimate. MY 2021/22 beet sugar production is revised to 900,000 MT, down 200,000