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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 production is forecast at 10.4 MMT as the planted areas for both cane and beet are expected to rise. Given sugar prices are expected to trend down, China’s MY 2024/25 sugar consumption estimate is also forecast to increase to 15.7 MMT.

MY 2022/23 China’s sugar imports declined due to escalating world prices. Following suit, Chinese sugar prices spiked at the highest levels since 2012.

MY 2022/23 cane sugar production is estimated at 7.92 MMT, revised down 1.08 MMT from the USDA official estimate due to lower-than-normal rainfall in Guangxi, China’s largest sugar producing province. Sugar consumption has begun to rebound since after the removal of COVID-related restrictions. As China’s sugar imports are curbed by high world prices, stocks are likely to decline.

China’s estimated MY2021/22 sugar imports and stocks are revised upward, while consumption is revised downward due to low world prices and COVID-related policy impacts. Assuming beet acreage rebounds in Inner Mongolia, the MY2022/23 sugar production remains forecasted at 10 MMT.

MY 2021/22 estimates for production, trade, and consumption are all revised downward.

The sugar production forecast for MY21/22 (October – September) is revised down to 10.3 MMT on slower than expected growth in cane acreage and more sugar beet acreage losing out to corn.

Sugar production in MY21/22 (Oct-Sep) is forecast to marginally grow to 10.6 million metric tons as rising cane sugar production is expected to offset lower beet sugar production.

Thailand’s sugar syrup exports to China increased more than twelvefold by volume in the first eight months of 2020 when compared to the same period in 2019.

China’s sugar production in MY20/21 is expected to mostly recover from the previous year's drought, climbing to 10.7 million metric tons (MMT).

On February 6, 2020, the State Council Tariff Commission announced that China would cut in half the additional tariffs for certain commodities from the United States on February 14, 2020.

China’s sugar production levels are forecast at 10.89 million metric tons (MMT) in MY19/20 (Oct-Sep).