An ongoing drought in China's southern Guangxi Zhuang Autonomous Region will reduce sugar output, according to Dow Jones.
Output in the region, which produces more than 60% of China's sugar, will likely fall by 8% to 7 million metric tonnes, the Guangxi Economic News Online said.
The drought will continue into April, and the impact will intensify, Guangxi's meteorological department said.
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BRAZIL: BTG sees major sugar M&A opportunities
BRAZIL: JOB sees sufficient ethanol stocks for stable prices
Kingsman sees 2012/13 surplus down 43% at 4.7 million tonnes
Macquarie says surplus may cut prices to 18 cents
Olam sees second year of surplus ahead
UAE: Al Khaleej to buy more sugar from India
Marex Spectron says prices will stay lower due to surplus
FO Licht ups sugar production estimate to 175.8 million tonnes