News International Sugar Journal

China and Indonesia will drive import demand says Rabobank [Registered]

Rising population, increasing urbanisation and rising incomes are expanding sugar consumption growth in China and Indonesia which is unlikely to be bridged by any increase in production, says Rabobank in their latest report focusing on East Asia and Oceania sugar markets. The “structural supply deficit” in the Far East has been common place for some time now – “the region’s five-year average for sugar self sufficiency is 87%”. Sugar consumption in China has increased at around 6% compound annual growth rate (CAGR) over the last 10 years, outstripping domestic production for most of the period. Key drivers for growth in…

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