REPORTS

Sugaronline - China has long been a major destination for sugar exporters, but, as Analyst Ritesh Kumar Singh asks in his latest East Asian Sugar Report, could a shift in strategy see this start to change, with potentially major knock-on effects for the global sugar trade?
 As our recent coverage has shown, China’s relatively inefficient sugar industry has seen year-on-year growth due, in part, to an increasingly protectionist import policy. However, the real story could lay in the even stronger growth of starch sugars, with High-Fructose Corn Syrup (HFCS) leading the way, thanks to its price competitiveness and suitability for industrial food production. Additionally, in the energy markets, China’s strong push for electric vehicles could cap their long-term demand for both oil and ethanol, encouraging a higher sugar mix in sugar-ethanol exporting countries.