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 will start to levy a safeguards tariff on sugar imports after a six-month investigation, in order to protect the domestic sugar industry and stabilize the market, the Ministry of Commerce said on Monday [22 May 2017]…Full Article: China Daily May 2017 Key Points In addition to the 50% import duty on out-of-quota sugar imports,
China’s second commodity options, white sugar options, started trading on Zhengzhou Commodity Exchange Wednesday [19 April 2017]. “Businesses can now use a combination of investment tools including spot contracts, futures contracts, and options to manage risks more effectively,” said Ma Wensheng, chairman of Xinhu Futures, a Shanghai-based futures brokerage firm…Full Article: Xinhua Apr 2017 Key
The Ministry of Agriculture (MOA) is mulling to establish grain production function zones as well as key agricultural product production protection zones to ensure key agricultural product safety and supply, according to Yu Xinrong, vice minister of MOA…Full Article: Xinhua Finance Dec 2016 Key Point Officials are considering agricultural function zones in northeastern China (i.e.
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
South China’s Guangxi Zhuang Autonomous Region is expected to produce around 5.8 million metric tons (tonnes) of sugar in the crop year of 2015-16. Nong Guang, chairman of the sugar association in South China’s Guangxi Zhuang Autonomous Region, noted that the continuous decreases in sugar price have discouraged the farmers…Full Article: Xinhua Finance Nov 2015
The Chinese company developing the second stage of the Ord irrigation scheme in Western Australia, has bought the old Kununurra sugar mill. Kimberley Agricultural Investments (KAI) is currently developing 13,400 hectares of irrigated land and has purchased the sugar mill which sits on a 19 hectare block. The property is currently being used as offices
China’s coldest winter in 28 years has damaged some sugarcane crops in the top producing region of the world’s second largest sugar consumer, state media and traders said on Wednesday, as fears of another cold front push local futures to a five-month high. A new cold front set to hit southern China this week will