Business & Finance
Why China’s sugar stockpiles may blunt an El Nino-fuelled global supply crunch
Key Points
China is expected to slow sugar imports for the rest of the year as concerns grow over a global supply crunch and higher prices, with Thailand – the world’s second-largest exporter – facing a sharp drop in production. The world’s second-largest economy relies on imports for about a third of its sugar supply, though high domestic stockpiles are expected to cushion the impact. Analysts estimated only moderate increases in local prices for the sweetener, which is considered a strategic...
China is expected to slow sugar imports for the rest of the year as concerns grow over a global supply crunch and higher prices, with Thailand – the world’s second-largest exporter – facing a sharp drop in production.
The world’s second-largest economy relies on imports for about a third of its sugar supply, though high domestic stockpiles are expected to cushion the impact. Analysts estimated only moderate increases in local prices for the sweetener, which is considered a strategic agricultural...