Breaking News on Confectionery & Biscuit Processing

Typhoon damages China's sugar crop

By Dominique Patton, 10-Aug-2006

Related topics: Formulation

Up to 10 per cent of sugar cane in China's key sugar growing region may have been damaged by the typhoon that hit southern provinces last week.

Typhoon Prapiroon killed 80 people in southern China and will also take its toll on the region's economy and key crops.

 

 

 

Guangxi province, the country's largest sugar cane producing region, had been expected to increase sugar output by 2 million tonnes after a drought last year halved the cane crop.

 

 

 

But an official at the Guangxi Sugar Association told Reuters that "between 5 and 10 percent" of the region has been affected by the heavy rains.

 

 

 

The coastal area of Beihai was worst hit with 50 per cent of the crop damaged.

 

 

 

He added that some sugar cane may continue to grow after water recedes. The Reuters report added that traders expect the Chinese government to halt its auctions of state reserve sugar, nine of which have already significantly reduced the price.

 

 

 

Sugar prices have dropped to below CNY4,000 (€389.43) per tonne, 30 per cent lower than earlier this year.

Copyright - Unless otherwise stated all contents of this web site are © 2012 - William Reed Business Media SAS - All Rights Reserved - For permission to reproduce any contents of this web site, please email our Syndication department copyright@wrbm.com - Full details for the use of materials on this site can be found in the Terms & Conditions

© 2012 - William Reed Business Media SAS - All rights reserved.