On March 9, the sugar price in Yunnan spot market hit 5700 yuan / ton, and the quotation of new sugar in Kunming spot market increased to 5690-5720 yuan / ton (different delivery warehouse points), 20 yuan higher than the quotation on March 7. The specific transaction situation needs to be further observed in the afternoon.
During the season of 2021 / 22, the national sugar planting area is expected to decrease by more than 1.5 million mu, and the national sugar planting area will decline to less than 20 million mu. The national sugar output in 2021 / 22 season is expected to be about 10.23 million tons, with a year-on-year decrease of about 430000 tons.
White granulated sugar(Grade 1) quotation:
Dealer | Brand / Place of origin | Place of delivery | Price |
Guangxi Fengtang Biochemical | Guangxi Fengtang | Guigang/Guangxin | 5760yuan/ton |
Dezhou Sugar market | Dezhou | Dezhou/Shandong | 6150yuan/ton |
Yunnan Dali sugar market | Yunnan Dali | Yunnan | 5660yuan/ton |
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