According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,210 RMB/ton at the beginning of the week, and 6,214 RMB/ton at the end of the week, with a price drop of 0.06%.

Domestically, as the production of Guangxi's crushing season comes to an end, the output has been basically determined, and the estimated sugar production is expected to be around 6.5 million tons, which is significantly lower than the initial expectation of 6.7-6.9 million tons. As of the end of February 2025, the sugar production during the 2024/25 sugar production period has entered the later stage, with sugar beet sugar mills fully harvesting and sugarcane sugar mills gradually harvesting. Accumulated sugar production of 9.72 million tons, an increase of 1.77 million tons year-on-year; Accumulated sales of 4.75 million tons of sugar, an increase of 970,000 tons year-on-year; The cumulative sugar sales rate is 48.9%.

Internationally, Brazil has not yet started squeezing and its inventory is at its lowest level in recent years. According to data from the Brazilian Ministry of Agriculture, as of the first half of February, sugar inventories in central and southern Brazil were 4.6 million tons, a decrease of 4.16 million tons or 47.53% compared to last year, the lowest level in nearly a decade.

Domestic production and sales data are favorable for sugar prices, and it is expected that sugar prices will mainly fluctuate and strengthen in the short term.

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