China's sugar output likely to stay below 10 million tonnes, according to Green Pool
Sugar
China
Published Jan 15, 2022
Tridge summary
LONDON (Reuters) - Analysts at Green Pool on Friday slashed their forecast for China's 2021/22 sugar production to below 10 million tonnes and added that there is further downside potential with the La Niña weather event leading to a high risk of frost. Green Pool estimated the harvest at […]
Original content
LONDON (Reuters) - Analysts at Green Pool on Friday slashed their forecast for China's 2021/22 sugar production to below 10 million tonnes and added that there is further downside potential with the La Niña weather event leading to a high risk of frost. Green Pool estimated the crop at 9.95 million tons, down from the previous projection of 10.16 million and the previous crop of 10.67 million. Last season's drop in production was mainly driven by a 42% decline in beet sugar to 887,000 tonnes, with sugarcane production falling just 1% to 9.07m tonnes. “The beet season is almost complete and the progress of the harvest suggests an even steeper decline than previously. We have reduced production from Inner Mongolia and Xinjiang,” the analyst said in a China crop update. Green Pool said it also continues to signal downside risk for the sugarcane crop. + ...
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