China's sugar imports fall by 100,000 tonnes as supply rises
Sugar
China
Published Jun 15, 2022
Tridge summary
The recent USDA semi-annual report brought a relatively delicate market scenario for China throughout the upcoming 2022/23 harvest. In general, in the textual part of the report, the USDA is succinct in relation to China, only stating that domestic production should increase due to the increase in beet and sugarcane harvests. This is due to the favorable climate for the cultivation of these crops in China.
Original content
The recent semi-annual report from the USDA brought a relatively delicate market scenario for China over the next 2022/23 harvest. By Mauricio Muruci In general, in the textual part of the report, the USDA is succinct in relation to China, only stating that domestic production should increase due to the increase in beet and sugarcane crops. This is due to the favorable climate for the cultivation of these crops in China. Safras & Mercado alerts that this occurs in a very standardized way in Asia since favorable weather conditions are also observed over India and Thailand. In addition, the USDA reports that the relaxation of social distancing measures also contributes to the growth in domestic demand. It is possible to notice that the production of China should increase 4.17% during the new crop 2022/23, or 400 thousand tons when going from 9.60 to 10.00 million tons. The detail is that the growth in production is largely absorbed by the increase in domestic demand, which should ...
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