Ministry of Agriculture and Rural Areas: Analysis of Sugar Supply and Demand of Agricultural Products in China in February

At present, the beet sugar production in the North has been completed, about one and a half months ahead of the last pressing season. And the beet sugar production basically meets the expectation.

The sugarcane sugar production in the South has been carried out in an all-round way, among which, Yunnan sugar factory has been fully exploited, and Guangxi has two sugar factories. According to SunSirs, with the smooth opening of Hengdong sugar factory under Yunnan Hengfu Sugar Industry Co., Ltd. on February 10, 51 sugar factories in Yunnan have been fully put into production in 2019 / 2020. 

Although the outbreak of new coronavirus pneumonia has a certain impact on sugarcane cutting, transportation and pressing, sugar production in Guangxi and Yunnan has been delayed, and sugar consumption has also been dragged down. 

However, considering the phased nature of the impact, the annual forecast data will not be adjusted temporarily this month. Later, we need to continue to track the effects of weather and new coronavirus pneumonia on sugar production and consumption.

Overall, sugar quotation (middleman price: RMB/ ton) and transaction is quite fair recently. 

Summary of Spot Price of White Sugar in the Northern Region on February 11

Summary of Spot Price of White Sugar in the Western Region on February 11

Summary of Spot Price of White Sugar in the Southern Region on February 11

Guangxi: Due to the large number of quotation middlemen, brands and warehouses, the quotation range is relatively large. The following is the summary of the price range of the main level-1 sulfurous sugar:

Summary of Spot Price of White Sugar in the Eastern Region on February 11

International aspect, India's sugar production in 2019 / 20 may reduce to 26 million tons

The representative of ISMA said that the estimated sugar production of India in 2019 / 20 was adjusted to 26 million tons, down 21.6% year-on-year, and the possibility of a substantial increase is unlikely. The specific prediction data will be released by ISMA on February 25.

The representative of ISMA said that India's estimated sugar production in 2019 / 20 fell by 21.6% to 26 million tons, the lowest level in three years. In 2018, India's drought led to the reduction of sugarcane planting area, and in 2019, there was also a flood disaster, leading to the reduction of production in India's main sugarcane production areas.

In the previous pressing season of 2018 / 2019, India's sugar production reached a record 33.16 million tons, ranking first in the world.

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