China cuts forecast for sugar production on 2022/2023, maintains estimate for soybean

Published 2023년 3월 8일

Tridge summary

China's Ministry of Agriculture has revised its sugar production forecast for the 2022/2023 season down by 7.2% to 9.3 million tonnes, attributing the decrease to adverse weather conditions. Despite the challenging conditions, the projections for soybean and corn crops remain unchanged at 20.29 million tons and 277.2 million tons, respectively. The report also notes a rise in corn sales as the weather improves, although there is a lack of demand from the hog and poultry sectors.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BEIJING (Reuters) - China's Ministry of Agriculture on Wednesday cut its outlook for the country's sugar output by 7.2% to 9.3 million tonnes, due to unfavorable weather that has affected producing regions in the 2022/2022 season. 23. China still maintained the soybean crop projection at 20.29 million tons in 2022/23, versus 16.4 million last season. The expectation for corn was also maintained at 277.2 million tons, versus 272.55 million ...

Source: NoticiasAgricolas