Chinese sugar importers eye more washouts on Beijing’s import controls

ZHENGZHOU, China – Chinese refineries could cancel more sugar cargoes in coming months if Beijing signals stricter control on imports through a recently introduced licensing system, said trade sources.

Chinese buyers cancelled up to six cargoes of raw sugar last month, according to traders, as rising prices offered an opportunity to make profits on earlier contracts.

Read more at http://www.agweek.com/crops/sugar-beets/3868837-chinese-sugar-importers-eye-more-washouts-beijings-import-controls

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