China sets 2023 sugar import quota at 1.945 mln tonnes

China set its 2023 sugar import quota at 1.945 million tonnes, unchanged from the previous year, the commerce ministry said on Thursday.

Quota volumes benefit from a lower import tariff. On its website, the ministry said 70% of the quota would go to state-owned firms.
Source: Reuters (Reporting by Siyi Liu and Dominique Patton; Editing by Clarence Fernandez)