China's crackdown on sugar smuggling leaves global storage headache.

 
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A crackdown on sugar smuggling into China has left abundantly supplied markets in Asia and beyond struggling to absorb excess supplies, causing a wider storage problem for global markets. Vast tonnages of sugar smuggled into China are believed to be produced mostly in India or Thailand and shipped to Myanmar, Laos or Vietnam before entering the Chinese mainland. Those flows should more than halve this year to about 800,000 tonnes versus previous years when...

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