China's sugar output seen lower on drought in southwest

게시됨 2023년 3월 9일

Tridge 요약

China's sugar production in its top region, Guangxi, is projected to drop by 12% to 5.4 million tonnes in the 2022/2023 season, marking the lowest output in six years, according to Green Pool Commodities. This is due to decreased cane supply and damage from drought. The country's overall production is now expected to be 9.17 million tonnes, down from the previous forecast of 9.52 million tonnes. This comes as global prices rise due to anticipated lower production in Thailand and India. China, the world's second-largest sugar consumer, is experiencing high global prices which are reducing import demand.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

BEIJING : Sugar output in China's top growing region is set to be the lowest in six years, said Australia-based Green Pool Commodities on Thursday, as it revised down its estimate for production in one of the world's top producers. Green Pool expects output in southwestern Guangxi region to drop to 5.4 million tonnes in the 2022/2023 season, it said in a report, down 12 per cent on last year, and the lowest since 5.3 million tonnes in 2016/17. Nationwide production will fall to 9.17 million tonnes, it said, reducing its forecast from last month's estimate of 9.52 million tonnes. "Guangxi's rapid winding down points to dwindling cane supply," said the Green Pool report, referring to a shorter than usual harvest. "Local farmers suggested that some cane harvested later in the season has featured considerable drought damage," it added. China's agriculture ministry also reduced its forecast for the country's production by 7.2 per cent to 9.3 million tonnes this week. The cut comes ...

출처: Channelnewsasia