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Ministry of Agriculture and Rural Areas: Analysis of Sugar Supply and Demand of Agricultural Products in China in February

February 12 2020 10:58:38     SunSirs (Daisy)

At present, the beet sugar production in the North has been completed, about one and a half months ahead of the last pressing season. And the beet sugar production basically meets the expectation.

The sugarcane sugar production in the South has been carried out in an all-round way, among which, Yunnan sugar factory has been fully exploited, and Guangxi has two sugar factories. According to SunSirs, with the smooth opening of Hengdong sugar factory under Yunnan Hengfu Sugar Industry Co., Ltd. on February 10, 51 sugar factories in Yunnan have been fully put into production in 2019 / 2020. 

Although the outbreak of new coronavirus pneumonia has a certain impact on sugarcane cutting, transportation and pressing, sugar production in Guangxi and Yunnan has been delayed, and sugar consumption has also been dragged down. 

However, considering the phased nature of the impact, the annual forecast data will not be adjusted temporarily this month. Later, we need to continue to track the effects of weather and new coronavirus pneumonia on sugar production and consumption.

Overall, sugar quotation (middleman price: RMB/ ton) and transaction is quite fair recently. 

 

Summary of Spot Price of White Sugar in the Northern Region on February 11

Province

City

Type

Price

Henan

Zhengzhou

Guangxi Sugar

6,280

Shangqiu

Guangxi Sugar

6,300

Shandong

Jinan

Guangxi Sugar

6,040-6,100

Qingdao

Guangxi Sugar

5,940-6,000

Qingzhou

Guangxi Sugar

5,990-6,050

Rizhao

Guangxi Sugar

5,940-6,000

LinQi

Guangxi Sugar

6,100

Hubei

Wuhan

No Quotation

Yichang

Xiangyang

Hunan

Changsha

Jiangxi

Nanchang

Anhui

Hefei

Guangxi Sugar

6,200

Bengbu

Guangxi Sugar

6,200

Beijing

Beijing

Guangxi Sugar

Stop Quoting 

Tianjin

Tianjin

Guangxi Sugar

6,000

Hebei

Langfang

No Quotation

Liaoyu

Bayu Cycle

Middleman processing

5,940-6,020

 

Summary of Spot Price of White Sugar in the Western Region on February 11

Province

City

Type

Price

Yunnan

Kunming

New Sugar

5,760

Dali

New Sugar

5,700-5,760

Xiangyun

New Sugar

5,740-5,760

Ningxia

Yinchuan

No Quotation

Gansu

Lanzhou

Shanxi

Xi’an

Sichuan

Chengdu

Yunnan New Sugar

6,030

Chongqing

Chongqing

Yunnan New Sugar

6,030

Guizhou

Guizhou

No Quotation

Xinjiang

Wulumuqi

Xijiang Sugar

5,800

Inter Mongolia 

Huhehaote

No Quotation

 

Summary of Spot Price of White Sugar in the Southern Region on February 11

Guangxi: Due to the large number of quotation middlemen, brands and warehouses, the quotation range is relatively large. The following is the summary of the price range of the main level-1 sulfurous sugar:

City

Type

Price

Nanning

Middleman Price

No Quotation

Warehouse Price

5,880-5,970

Liuzhou

Station Price

5,840-5,870

Warehouse Price

5,850-5,860

Laibing

Warehouse Price

5,850-5860

Qinzhou/Fangfeng Port

No Quotation 

 

Province 

City

Type

Price

Guangdong

Guangzhou

Middleman price

5,950-6,150

Zhanjiang

Middleman price 

5,780-5,990

 

Summary of Spot Price of White Sugar in the Eastern Region on February 11

Province 

City

Type

Price

Shanghai

Shanghai

Middleman Price

6,130

Zhejiang

Hangzhou

Middleman Price

6,150

Ningbo

Middleman Price

No Quotation

Jiangsu

Nanjing

Port (No delivery)-Guangxi Sugar

6,100

Port (No delivery)-Guangdong Sugar

6,070

Xuzhou

No Quotation

Fujian

Fuzhou

Guangxi Sugar

6,020

International aspect, India's sugar production in 2019 / 20 may reduce to 26 million tons

The representative of ISMA said that the estimated sugar production of India in 2019 / 20 was adjusted to 26 million tons, down 21.6% year-on-year, and the possibility of a substantial increase is unlikely. The specific prediction data will be released by ISMA on February 25.

The representative of ISMA said that India's estimated sugar production in 2019 / 20 fell by 21.6% to 26 million tons, the lowest level in three years. In 2018, India's drought led to the reduction of sugarcane planting area, and in 2019, there was also a flood disaster, leading to the reduction of production in India's main sugarcane production areas.

In the previous pressing season of 2018 / 2019, India's sugar production reached a record 33.16 million tons, ranking first in the world.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

 

 

 

 

 

 

 

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