China sugar output will up 1 million tonnes — USDA
China production is up 1.0 million tonnes to 10.0 million as favorable weather is expected to result in higher sugarcane yields.
It is reported by USDA in its May report.
Consumption is forecast up on the assumption that China’s economy will continue recovering and consumer spending will increase. Imports are forecast to rise to fill the gap between supply and demand, despite higher domestic production. Stocks are forecast to continue trending downward as China also sources from its stocks to support rising consumption.