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Home > White granulated sugar News > News Detail
White granulated sugar News
SunSirs: Weak Market, the Price of White Sugar has Fallen in China
December 23 2024 15:11:19SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,290 RMB/ton at the beginning of the week, and 6,260 RMB/ton at the end of the week, with a price drop of 0.48%.

Last week, the spot market price of white sugar fell. As the hype around policies gradually fades away, the price of white sugar is gradually returning to fundamentals. A large number of new sugar products are being launched domestically, and coupled with weak performance in end consumer demand, the spot market for white sugar has performed poorly this week. Currently, there are 74 sugar mills operating in Guangxi and 26 in Yunnan, and the market supply is gradually easing, making it smooth for traders to obtain goods. As of the end of November 2024/25, the cumulative sugar production in China was 1.3679 million tons, an increase of 481,600 tons year-on-year, with a growth rate of 54.34%.

The demand side performance is weak, and end enterprises have a strong wait-and-see attitude. Due to the continued policy boost effect in the first half of the week, sugar prices have risen to relatively high levels, driving some traders and terminal food companies to stock up in small quantities. However, as sugar prices continue to decline, the market's wait-and-see sentiment has intensified, and the pace of terminal stocking has slowed down again.

The domestic sugar market has sufficient supply, but market transactions have fallen short of expectations. It is expected that sugar prices will mainly fluctuate in the short term.

 

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