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China modifies sugar output forecast
(MENAFN) A report by the Chinese Ministry of Agriculture and Rural Affairs, the country's sugar production from October 2017 to September 2018 is expected to reach 10.25 million tons.
According to the Chinese Agricultural Supply and Demand Estimates released by an advisory body, the expected output was down 50,000 tons from the previous forecast made last month.
The monthly analysis report attributed the revision to lower sugarcane output in south China's Guangxi Zhuang Autonomous Region, the country's largest sugar manufacturing base.
It also warned of an impact on the local price from declining sugar prices on the international market.
According to the Chinese Agricultural Supply and Demand Estimates released by an advisory body, the expected output was down 50,000 tons from the previous forecast made last month.
The monthly analysis report attributed the revision to lower sugarcane output in south China's Guangxi Zhuang Autonomous Region, the country's largest sugar manufacturing base.
It also warned of an impact on the local price from declining sugar prices on the international market.
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