BEIJING, July 18 (Xinhua) -- The output of China's
sugar producers fell 12.9 percent year on year to 9.7 million tonnes during the
first five months, said the Ministry of Industry and Information Technology in
an online statement.
The fall was a result of poor sugarcane production,
typhoons and floods in major production bases in south China's Guangdong
Province and Guangxi Zhuang Autonomous Region, the ministry said.
More than 12 million tonnes of sugar were produced
during the 2008/2009 crop year by mid-June, down 2.38 million tonnes, or 16
percent, year on year.
Sugar producers suffered losses of 260 million yuan
in the first five months due to falling prices and rising stockpiles.
But analysts expected price would pick up as the peak
sales season would come and sugar producers might wipe out losses by the end of
this year.
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