According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,660 RMB/ton at the beginning of the month, and 5,500 RMB/ton at the end of the month, with a price drop of 2.83%.
On the domestic front, as of November 24th, during the 2025/2026 crushing season, there were nearly 20 sugar mills operating in Guangxi and nearly 10 sugar mills operating in Yunnan Province. New sugar continued to be launched, and the market was mainly oriented towards digesting low-priced sugar sources. The overall buying and selling atmosphere was flat, with average transaction performance.
Internationally, it is expected that there will be a global sugar supply surplus of 1.63 million tons during the 2025/2026 crushing season, and global sugar production is expected to increase by 3.15% year-on-year, reaching 181.77 million tons. India maintains its expectation of increasing sugar production. The total sugar production during the 2025/2026 crushing season is expected to be 34.35 million tons. Global production expectations continue to suppress long-term trends, and raw sugar may continue to fluctuate within a range.
The domestic market for new sugar has increased, and supply pressure is gradually emerging. There is currently no significant improvement in demand, and it is expected that sugar prices will mainly fluctuate and weaken in the short term.
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