China: Sugar Annual

Commodities

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). Continued government support, especially in Guangxi – the country’s largest sugar producing region – will encourage existing and, possibly, new production in the future. Sugar consumption, which is not expected to immediately recover from COVID-19, is forecast at 15.2 MMT in MY20/21, down 600,000 MT from pre COVID-19 levels. Imports are projected to climb slightly to 4.2 MMT in MY20/21 due to the anticipated end of the import safeguard in May 2020.

China: Sugar Annual