According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,790 RMB/ton at the beginning of last week, and 5,733 RMB/ton at the end of last week, with a price drop of 0.98%.
Domestically, the import of white sugar in September showed a significant decrease compared to the previous month, and the peak of the import turning point has been reached. The pricing power in China has gradually shifted to the pricing of new sugar during the 2025/26 crushing season, and the suppressive effect of imported sugar on domestic spot prices is gradually diminishing. In October, the destocking of aged sugar in China is coming to an end. Currently, due to the approaching opening of pressing in Guangxi and Yunnan, the willingness to reduce prices and destocking of aged sugar has increased, resulting in light transactions during the off-season of consumption.
In terms of imports, the import volume of white sugar in September was 548,000 tons, a year-on-year increase of 35.81% and a month on month decrease of 33.56%, ending the increasing trend for six consecutive months. The cumulative import volume from January to September was 3.16 million tons, a year-on-year increase of 9.4%. In the second half of September, the sugarcane crushing volume in the central and southern regions of Brazil was 40.858 million tons, an increase of 2.011 million tons from the same period last year, a year-on-year increase of 5.1%.
Domestic white sugar is in the stage of destocking, with light trading volume. It is expected that the price of white sugar will mainly fluctuate and weaken in the short term.
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