According to the monitoring of SunSirs, the average price of the first grade white granulated sugar at the beginning of last week was 5,756 RMB/ ton, and the average price of the first grade white granulated sugar at the weekend was 5,740 RMB/ ton, down 0.28% and 1.24% compared with the same period last year.

The price of white granulated sugar in Yunnan market has not changed significantly after the new sugar is squeezed. The price of white granulated sugar in Kunming spot market, including tax, remained at 5,560 RMB/ ton to 5,580 RMB/ ton. Dali and Xiangyun offer 5,530 RMB/ ton to 5,550 RMB/ ton, including tax. In the 2021/2022 pressing season, China imported 5.3372 million tons of sugar, a year-on-year decrease of 997,800 tons, or 15.75%.

The continuous increase of white granulated sugar in the United States was mainly due to the excessive rainfall in Brazil's main production areas, which affected the progress of sugarcane harvesting. On the other hand, India's production and export progress is also slow. The short-term supply of Brazil and India, the two major exporters, is tight, which has led to continuous price increases. It is expected that the sugarcane production in Brazil will rise significantly next year, which will be unfavorable to the price in the medium and long term. On the other hand, it is expected that India's output will remain high in this pressing season, the export volume will remain high, and the supply of the international sugar market will remain loose.

The domestic and foreign advantages are superimposed, and the future market price of white suger in China is expected to be dominated by strong shocks

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