According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,426 RMB/ton at the beginning of last week, and 5,406 RMB/ton at the end of last week, a decrease of 0.37% in price.

Domestically, during the 25/26 crushing season, Guangxi has opened 66 sugar mills, a decrease of 5 compared to the same period last year. Nearly 90% of the sugar mills have already opened for crushing. The southern production areas have fully entered the squeezing stage, and the speed of new sugar listing has accelerated. New sugar has already arrived at the port in the sales area and brought pressure, which has had an impact on local sugar prices. The spot prices in the sales area have fallen faster, and the price difference between production and sales areas has begun to narrow rapidly. The supporting role of processed sugar prices has weakened.

As of the end of November, the sugar production in Guangxi has decreased year-on-year, while the sugar production in Yunnan has slightly increased year-on-year. This is due to the late start of the new crushing season in Guangxi, which has led to a temporary decline in sugar production. Affected by the continuous decline in sugar prices, terminal enterprises are more cautious in purchasing goods and still focus on essential needs. However, traders generally have low inventory and have made a small amount of purchases this week.

The speed of new sugar listings in China is accelerating, and the market is mainly focused on essential purchases. In the short term, it is expected that white sugar will mainly fluctuate and weaken.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.