China: Sugar Semi-Annual
Link to report:
China’s MY 2024/25 sugar production is forecast at 11 MMT, up 600,000 MT as acreage for both cane and beet are up and competition crops are less profitable. China’s MY 2024/25 sugar consumption is forecast at 15.6 MMT, adjusted down 100,000 MT as China’s economy continues to show signs of slow recovery. As China’s imports of raw sugar and processed sugar (syrup and pre-mixed powder) are forecast to remain relatively high, the MY 2024/25 stocks are poised to increase.
