SunSirs: China Sugar Prices Rise in February 2025

According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,198 RMB/ton at the beginning of the month, and 6,240 RMB/ton at the end of the month, with a price drop of 0.68%.

As of February 20th, Guangxi has received a total of 18 sugar mills during the 2024/25 crushing season, an increase of 11 compared to the same period last year; The production capacity of the sugar mill has reached 139,000 tons, an increase of 122,000 tons year-on-year. The sugar production of the sugar mills that have been collected has remained stable and slightly increased compared to the same period last year. Currently, there is a resonance of rising prices, with increased inquiries from traders and downstream terminals. Downstream terminals mainly focus on essential purchases, and spot sales are generally low. In terms of imported sugar: As of the end of December in the 2024/25 crushing season, China has imported a total of 1.4603 million tons of sugar, a year-on-year decrease of 399,600 tons.

Internationally, as of February 15th, India's national sugar production for the 2024/25 crushing season reached 19.703 million tons, a decrease of 2.712 million tons or 12.1% from the same period last year's 22.415 million tons, which is favorable for raw sugar production. Thailand's sugar production continues to increase. As of February 19th during the 24/25 crushing season, Thailand's cumulative sugarcane input was 72.1462 million tons, an increase of 3.7349 million tons year-on-year.

Domestic inquiries are active, and raw sugar drives domestic prices. It is expected that in the short term, white sugar prices will mainly fluctuate with a strong trend.

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