(Bloomberg) -- White sugar futures in London dropped to their lowest in five months after China, the world's second-largest consumer, said it may buy the sweetener from the domestic suppliers and cut imports.
China may buy sugar from local producers to replenish reserves and support prices on domestic markets, Ma Zhanping, deputy director of trade at the National Development and Reform Commission, said in a transcript of a speech posted on the CNSugar Web site today. The Asian country will also limit sugar imports, using measures allowed by trade regulations, it said.
Read more at Bloomberg Commodities News
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