Why Chinaโs sugar stockpiles may blunt an El Nino-fuelled global supply crunch
China is expected to slow sugar imports for the rest of the year as concerns grow over a global supply crunch and higher prices, with Thailand โ the worldโs second-largest exporter โ facing a sharp drop in production. The worldโs second-largest economy relies on imports for about a third of its sugar supply, though high domestic stockpiles are expected to cushion the impact. Analysts estimated only moderate increases in local prices for the sweetener, which is considered a strategic agricultural...