According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,240 RMB/ton at the beginning of the week, and 6,216 RMB/ton at the end of the week, with a price drop of 0.38%.

Domestically, production and sales in Guangxi increased in February, with a year-on-year increase in production and sales rate and an increase in inventory. Due to the fast production progress and significant supply pressure in the short term, sugar prices are facing certain pressure. In addition, there was less rainfall in Guangxi in the third quarter of last year, so we need to pay attention to the follow-up production situation. Four new sugar factories have been added to Guangxi for processing. As of February 26th, Guangxi has received a total of 31 sugar mills during the 2024/25 crushing season, an increase of 26 compared to the same period last year; The daily sugarcane crushing capacity of the sugar factory has reached 294,500 tons, an increase of 258,500 tons year-on-year.

Internationally, Brazil's 2024/25 crushing season has basically ended, and sugar inventories have dropped to historic lows. Coupled with India's downward adjustment of production estimates due to drought, the temporary tight supply pattern has provided short-term support for strong fluctuations in raw sugar. As of February 24th during the 2024/25 crushing season, Thailand's cumulative sugarcane input was 77.0864 million tons, an increase of 4.2407 million tons or 5.82% compared to the same period last year's 72.8457 million tons.

Domestic supply is sufficient, and it is expected that sugar prices will mainly fluctuate and weaken in the short term.

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