China: Sugar Semi-annual
China’s sugar production in marketing year (MY) 2018/19 is forecast to increase for the third consecutive year, rising to 10.8 million metric tons (MMT). Imports are also expected to continue to fall for the third year in a row, especially following the Chinese government amending the import safeguard measure to make the additional duties apply to all suppliers. Previously, certain supplying countries had been exempt from these duties. After falling in the first half of 2018, in part because of change to import duties, China’s sugar price has stabilized recently.
