Nationwide production will fall to 9.17 million tonnes, it said, reducing its forecast from last month’s estimate of 9.52 million tonnes.
«Guangxi’s rapid winding down points to dwindling cane supply», — said the Green Pool report, referring to a shorter than usual harvest.
«Local farmers suggested that some cane harvested later in the season has featured considerable drought damage», — it added.
China’s agriculture ministry also reduced its forecast for the country’s production by 7.2% to 9.3 million tonnes this week.