China: Sugar Annual
Link to report:
Total sugar production in marketing year (MY) 2022/23 (October - September) is forecast at 10 MMT, up 400,000 MT from the revised MY 2021/22 estimate. MY 2021/22 estimates for production, trade and consumption are all revised downward. The production side is affected primarily by abnormal weather, COVID impacts, and crop competition. MY 2021/22 cane sugar production is revised to 8.7 MMT, down 500,000 MT from the official estimate. MY 2021/22 beet sugar production is revised to 900,000 MT, down 200,000 MT from the official estimate. High world prices and COVID impacts will affect demand in MY 2021/22.
