China sugar update [Oct 2021]

China sugar update [Oct 2021]

The 2021/22 sugarbeet processing season is now effective in Inner Mongolia and Xinjiang while the first cane processing mill located in Yunnan is reported to have started the season.
Despite significant stocks being carried forward on 2021/22, prices remained quite stable over the past months.
As for imports, calculations performed do not reveal any economic incentive for domestic refiners to ship raws for refining at destination.

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