CHINA’S SUGAR IMPORTS CLIMB 39% IN OCTOBER

China imported 750,000 tons of sugar in October, up 39%, bringing the year-to-date total to 3.9 million tons and accumulating growth of 14% between January and October. The surge is attributed to a drop in global prices, which hit a five-year low, prompting opportunistic buying from China, Indonesia, and Indian refineries, according to Itaú BBA. Brazil, as the top global producer and exporter, is the primary beneficiary. China was its leading destination in September (359,000 tons) and again in October. Overall, Brazil set a monthly export record of 4.2 million tons in October, with sales to China growing 58% year-on-year.
Source: Reuters / RPA News (*Translated by Ia Niani)