The latest price of white sugar (4-26): 6718 RMB/ton, fluctuating in the future market
Key points of analysis: Guangxi has fully harvested and reduced production in China. Currently, sugar factories are reluctant to sell, which supports prices. Global sugar supply is showing a shortage. In April 23, the Indian Sugar Industry Association reduced the production of the 22/23 squeezing season from 36.5 million tons to 33.5 million tons.
Future forecast: With the development of Brazil in the second quarter, the global trade and supply and demand pattern may move from shortage to relative balance. It is expected that in the short term, the spot market price of white sugar will be dominated by narrow fluctuations.
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