China sugar production is anticipated up 1 million tonnes — USDA
China sugar production is anticipated 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 November report.
Consumption is estimated unchanged. Imports are expected to rise to help fill the gap between supply and demand but total supply remains tight due to curbed imports related to high world prices. Stocks are projected down 50 percent due to lower beginning stocks and as China sources from stocks to support consumption.