The U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) post in Guangzhou, China released a report with the following sugar production and consumption forecasts.
As per the report, China will produce 10.4 million metric tons of sugar for the 2024-25 season. This increase is because more land is expected to be used for growing both sugar cane and sugar beet. Despite this, sugar prices are likely to go down. China’s sugar consumption for the 2024-25 season is estimated to rise to about 15.7 million tons. The forecast for China’s sugar production in the 2023-24 season has been adjusted downward to 9.9 million tons. This is because the sugar content in the cane grown in Guangxi province turned out to be lower than expected.
