On December 8th, the delivery price of Yunnan New Sugar in sugar factories was lowered to 5,180-5,240 RMB/ton, a decrease of 20-40 RMB/ton from last Friday's quotation. The total number of sugar factories in Yunnan Province for the 2025/26 crushing season has approached 20.
The article reports that the delivery price of Yunnan's new sugar has been lowered by 20-40 RMB/ton to 5,180-5,240 RMB/ton, and the number of sugar mills opening for the 2025/26 crushing season has increased to nearly 20, indicating an increase in new sugar supply and significant downward pressure on spot prices, with obvious negative factors. Based on the data of sugar futures, the main contract 2601 (Zhengzhou Commodity Exchange) closed at 5,337 RMB/ton on December 8th, up or down +12.00, but the position decreased by 27,587 lots, reflecting the market's increasing concerns about oversupply. The information in the article reinforces the expectation of future supply, which may suppress the upward space of futures prices, thus also having a negative impact on futures prices.
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