1. The price of white sugar will increase in the second half of 20021year.
The 2 109 contract, the main force of Zhengzhou sugar futures, also broke through the previous high point today, with the highest intraday price rising to 5635 yuan/ton. In the past month, the market rose by 6.9% compared with the low of 527 1 yuan/ton in mid-April. The main driving force for the rise of the domestic sugar market in the past month came from abroad. Since April, raw sugar futures have been rising all the way. Although there was a small correction at the end of April due to the profit-taking of funds, the expected reduction of sugar production in Brazil and the European Union still boosted sugar prices, and the fund's enthusiasm for buying was strong, and the general trend of commodities increased, which also drove raw sugar futures to return to the price of 17.5 cents/pound again.
Second, release the report on the 6th.
In April, the grain price index rose for the first time in a row 1 1 month, and it is predicted that the global wheat and corn production will increase in the future. According to the report, the average food price index of FAO rose by 120.9 points in April, up by 1.7% from the previous month and up by 30.8% year-on-year. Among all kinds of food, the price of sugar ranks first, and the price of grain has resumed its upward trend. The rise of raw sugar futures directly leads to the increase of import costs. According to the current price of 17.5 cents/pound, the import and processing costs of Brazilian raw sugar within the quota (15% tariff) and beyond the quota (50% tariff) are about 4,400 yuan/ton and 5,650 yuan/ton respectively, which is about 9% higher than that of a month ago.
To sum up, at present, the processing cost of extra-quota import has exceeded the average production cost in Guangxi and reached the price of domestic processed sugar, which has strong support for the domestic white sugar market.