China's sugar reserves go on the market 5th and 16th of January, with 92,000 tons up for auction each day. Starting price will be 3800 yuan (US$471), about 500 yuan below market price, which was 4345 yuan in Guangxi on Friday.The two separate auction days are intended to control the price of sugar, which is already quite high. According to a market analyst, the actual price may end up quite near the current price anyway.A sugar dealer quoted in China Business News said that he did not expect the auction to have much effect on the market, since the quantity being auctioned was so low. Futures, which start trading on 6 January, should have a much more noticeable effect on current market prices.CBN also reports that food and beverage producers have decided to keep prices stable for the time being despite rising sugar prices, due to intense competition in the market. Food conglomerate Uni-President said that promoting low-sugar and sugar-free products, as well packing fruit and other products in water rather than syrup are possible ways to cut costs without raising pricesLink: http://dycj.ynet.com/article.jsp?oid=7247850http://dycj.ynet.com/article.jsp?oid=7247935