Cold weather damages sugar crops in China

China’s coldest winter in 28 years has damaged some sugarcane crops in the top producing region of the world’s second largest sugar consumer, state media and traders said on Wednesday, as fears of another cold front push local futures to a five-month high.

A new cold front set to hit southern China this week will take temperatures down as low as minus 5 degrees this weekend, Chinese weather authorities said on Tuesday, and may bring snowstorms to some provinces, such as Guizhou and Hunan.