China's sugar output seen lower on drought in southwest
Sugar output in China's top growing region is set to be the lowest in six years, said Australia-based Green Pool Commodities on Thursday, as it revised down its estimate for production in one of the world's top producers.
It s reported by zawya.com.
Green Pool expects output in southwestern Guangxi region to drop to 5.4 million tonnes in the 2022/2023 season, it said in a report, down 12% on last year, and the lowest since 5.3 million tonnes in 2016/17.
Nationwide production will fall to 9.17 million tonnes, it said, reducing its forecast from last month's estimate of 9.52 million tonnes.
«Guangxi's rapid winding down points to dwindling cane supply», — said the Green Pool report, referring to a shorter than usual harvest.
«Local farmers suggested that some cane harvested later in the season has featured considerable drought damage», — it added.
China's agriculture ministry also reduced its forecast for the country's production by 7.2% to 9.3 million tonnes this week.