China Said to Have Bought 250,000 Tons of Sugar After Slump

China, the world’s second-biggest sugar consumer, bought 250,000 metric tons as a 23 percent decline in prices in the past year made imports attractive, said two executives with direct knowledge of the matter.

The raw-sugar cargoes will arrive in January and February at about $460 a ton, cost-and-freight to China, said the executives, who asked not to be identified because the information is private. At least one shipment is sourced from Guatemala, they said.