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Sugar Imports by China May Surge 35%, ANZ’s Deane Forecasts

Sugar imports by China, the world’s second-biggest consumer after India, may jump 35 percent as output trails demand, helping push global prices higher, according to Australia and New Zealand Banking Group Ltd.

Purchases may rise to 2.7 million metric tons in the year beginning Oct. 1, from about 2 million tons a year earlier, Paul Deane, a senior agricultural economist, said in a phone interview. The nation may produce 12.5 million tons in the year from Oct. 1, while demand may be 15 million tons, Deane said.