China sugar output is up 500 kt — USDA
China production is up 500,000 tonnes to 10.4 million as the area for both sugarcane and sugarbeets are expected to rise.
It is reported by USDA in its May report.
Consumption is forecast up on the assumption that consumer spending will increase and that sugar prices will trend down, likely increasing demand. Imports are forecast to rise to help fill the gap between supply and demand, despite higher domestic production. Stocks are forecast to continue trending lower due to reduced beginning stocks and consumption exceeding production and imports.