China to produce 10m tonnes of sugar by 22/23, says USDA; increase of 400 thousand t

Published 2022년 5월 9일

Tridge summary

The USDA has updated its sugar production estimates for China, predicting a rise in production for the 2022/23 season to 10 million tons, up by 400,000 tons. This revision contrasts with the downturn in production, trade, and consumption estimates for the previous season, attributed to the pandemic's impact. The production estimates for the 2021/22 season have been revised downward, with sugarcane production estimated at 8.7 million tons and beet sugar production at 900,000 tonnes, both showing decreases from the previous estimates. The USDA also anticipates reduced demand for the 2021/22 season due to high world prices and the ongoing pandemic.

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Original content

China is expected to have total sugar production of 10 million tons in the 2022/23 season (October to September), an increase of 400,000 tons compared to the revised survey for the previous cycle, said the US Department of Agriculture (USDA, in the acronym in English) this Friday. By Reuters Production, trade and consumption estimates for 2021/22 have all been revised downwards amid the effects of the pandemic. “The production side was mainly affected by weather, Covid impacts and crop competition,” the USDA said in a note. Sugarcane production in the 2021/22 cycle was revised to 8.7 million tons, down 500,000 tons from the previous official estimate. Beet sugar production ...

Source: Canaonline