China imported 70% less sugar in October

China's sugar imports declined in October by 70% compared with the same month in the previous year. With 110,000 tons as little sugar was introduced in the last month, as since February of this year no longer. For this, the high prices should be responsible.
They were also significantly less than average imports of 500,000 tonnes of the previous months.
China is the world's largest sugar importer, but this year the import quantities among those of previous years, because the world market is just supplied and prices by 2015 more than doubled for the third quarter are.
Last, the prices had been exceptionally high and imports declined, so a dealer. That is likely to continue even in November and the buyer would use of local activities.
Beijing sold recently more than 300,000 tons of sugar from the State reserve. This was the first auction of its kind in five years.

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