According to the latest data released by the National Bureau of Statistics, China's finished sugar production in November 2025 was 1.303 million tons, a year-on-year decrease of 3.8%; The cumulative production of finished sugar in China from January to November this year was 12.633 million tons, a year-on-year increase of 7.8%.

The production of finished sugar in November 2025 decreased by 3.8% year-on-year, indicating a short-term tightening of supply and providing favorable support for the spot price of white sugar. Although the 7.8% increase in cumulative production from January to November is a negative factor, the market is more focused on recent data changes. Combined with the sugar futures market, the main contract, such as 2605, closed at 5,269 RMB/ton, up 52 RMB, with a trading volume of 298,728 lots, indicating positive market expectations. The position slightly decreased but the overall activity was high, further strengthening the upward momentum of futures prices.

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