China: Sugar Semi-Annual
20th October 2022
China’s estimated MY2021/22 sugar imports and stocks are revised upward, while consumption is revised downward due to low world prices and COVID-related policy impacts.
Assuming beet acreage rebounds in Inner Mongolia, the MY2022/23 sugar production remains forecasted at 10 MMT. The MY2022/23 sugar consumption is forecast down at 15.3 MMT, as more time is needed for China’s economy to recover from the effects of the pandemic, including potential changes to COVID-related policies.
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