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Keyword: sugarprices

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  • Chinese experts say sugar supply cannot meet future demand

    04/09/2005 1:42:36 AM PDT · by M. Espinola · 15 replies · 512+ views
    China's sugar consumption will continue to rise in the next five to ten years and domestic supply cannot meet the increased demand, experts from the National Development and Reform Commission said. Sugar prices will greatly increase as the land where sugarcane grows continues to decrease. Last year, the Guangxi Zhuang Autonomous Region in south China, China's main sugar producer, planned to reduce its sugarcane-cultivating area from 766,700 ha in 2003 to 533,300 ha in 2008 due to declining prices and increasing imports. Both Guangxi's sugarcane cultivating area and its output account for more than half of the country's total. About...