Tridge summary
For the 2024/25 marketing year, international agricultural analysts CovrigAnalytics forecast a significant increase in China's sugar production by 6.5%, totaling 10.54 million tons. This growth is primarily due to the expansion of sugar cane cultivation in Guangxi province and the increase in sugar beet plantings in Inner Mongolia, alongside improved yields in these regions. The expansion in acreage is also attributed to the recovery of domestic sugar prices, lower corn prices, and the utilization of farmland previously used for eucalyptus trees. Additionally, China has raised the minimum purchase price of sugar cane and set the domestic sugar price, showing a positive outlook for the country's sugar production in the upcoming season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to international analysts CovrigAnalytics, in the new season of 2024/25 MY in China, sugar production may increase by 6.5% compared to the current season and amount to 10.54 million tons. China is expected to increase sugar production due to the expansion of sugar cane cultivation in Guangxi province and the increase in sugar beet plantings in Inner Mongolia, as well as the increase in cane and beet yields in these regions. The increase in acreage was primarily driven by a recovery in domestic sugar prices, lower corn prices, and the release of farmland from eucalyptus trees. The ...
Source: UkrAgroConsult
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