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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.

Sugar production in marketing year (MY) 24 is estimated at 787,000 metric tons (MT), while production for MY23 reached 765,000 MT. Continued international prices have eased the financial burden exerted by the high cost of inputs on the sugar sector.

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.

Sugar production in marketing year (MY) 23 is estimated at 805,000 metric tons (MT), while production for MY22 reached 785,000 MT. Improving international prices have eased the financial burden exerted by the high cost of inputs on the sugar sector.

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.

Improving international prices have eased the financial pressure exerted by the COVID-19 pandemic on the sugar sector, but inflationary concerns have led the government to include sugar among the products with import duties reduced to zero percent for a one-year period.

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.

Sugar production in marketing year (MY) 21 is estimated at 815,000 metric tons (MT), while production for MY20 has increased to 809,000 MT