Beijing: Sugar production in China from October 2022 to September 2023 is likely to be around 9 million tonnes, stated the Ministry of Agriculture and Rural Affairs report.
As per the report released by Chinese Agricultural Supply and Demand Estimates, under the ministry’s Chinese Agriculture Outlook Committee, the latest estimates were down 330,000 tonnes from the earlier forecast made last month.
The lower estimates are attributed to lower cane output in South China’s Guangxi Zhuang Autonomous Region, one of the major sugarcane-producing regions in the country.
The prices of sugar in the Chinese market would rise to the range of 5,950 Yuan (about 863.8 U.S. dollars) to 6,550 Yuan, up from the earlier forecast of 5,650-6,200 Yuan made in March 2023.
