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China Freeze Hurts Sugar Cane, May Cut Guangxi Output

Sugar output in China, the third-biggest producer, may decline by as much as 300,000 metric tons after snow and frost this year damaged crops, Beijing-based brokerage Wanda Futures Co. said.

About 40 percent of the sugarcane in Guangxi, the biggest growing-region, may have been affected by freezing weather, analyst Cui Shiwei said by phone yesterday. The reduction in output is 4 percent of Wanda’s previous forecast for Guangxi, he said. Wanda Futures is the second-biggest brokerage by volume based on rankings by the Dalian Commodity Exchange.