Commodity Report: Sugar & Syrups

Overview An estimated 1 million to 2 million metric tons (MTs) of sugar is smuggled into southern China due in part to high domestic sugar prices, high outside tariff-rate quotas, and bureaucratically induced non-tariff barriers that restrict the inflow of legal sugar imports From 2011 to 2015, China’s annual sugar imports skyrocketed from 3 million

China to Sell 350,000 MTs of Sugar from State Reserves

Chinese authorities will release the first batch of sugar reserves this year to stabilize supply and prices, the country’s top economic planner announced on Friday [30 September 2016]…Full Article: Oct 2016 Key Point According to the National Development and Reform Commission (NDRC), China plans to sell 350,000 MTs of sugar from its state reserves

Chinese-backed Sugar Mill Begins Operation in Northern Cambodia

Prime Minister Hun Sen yesterday [18 April 2016] opened the country’s biggest sugar mill, a $360 million Chinese-owned plant in Preah Vihear [northern Cambodia] that will produce half a-million tons a year, and called for more investment from the world’s second-largest economy. The plant, set in a 43,422-hectare sugar plantation, will also generate about 30

Chinese Companies To Develop Agricultural Land and Expand Sugar Production in Northern Nigeria

Governor Muhammad Badaru Abubakar of Jigawa State yesterday [16 August 2015] said two Chinese companies are ready to invest in the state in the area of sugar and other agricultural products. Badaru who disclosed this to newsmen when the Chinese Ambassador to Nigeria, Mr Gu-Xianojie paid a courtesy call on him in his office, said

COFCO to Commission its Tomato Processing Subsidiary, Tunhe, To Manage Sugar Business Division

China National Cereals, Oils and Foodstuffs Corp. (COFCO), the largest food group in China and the third biggest one in the world, has recently adjusted sugar business in its subsidiaries and gathered the business together in one company to avoid horizontal competition. Cofco Tunhe (600737.SH) said recently that the parent company, COFCO, planned to commission