In December, Brazil exported 385,300 tons of raw sugar to China, an increase of 331,000 tons year-on-year. By 2025, Brazil will export a total of 4.7675 million tons of raw sugar to China, an increase of 1.7472 million tons year-on-year; The import volume of Brazilian raw sugar in China from January to November 2025 was 3.753 million tons.

The article shows that in December, Brazil exported 385,300 tons of raw sugar to China, a significant increase of 331,000 tons year-on-year; In 2025, the cumulative export volume was 4.7675 million tons, an increase of 1.7472 million tons year-on-year, and the import volume from January to November has reached 3.753 million tons. This indicates a significant increase in raw sugar supply, which may lead to oversupply in the spot market for white sugar and pressure on prices to decline. Based on futures market data, the main contract for sugar, 2605, closed at 5,253 yuan/ton, a decrease of 26 yuan, with a trading volume of 221,246 lots and a decrease in holdings by 1,446 lots to 429,949 lots, indicating a strong bearish sentiment in the market and further strengthening the downward trend of futures prices. Overall, the surge in supply has had a significant negative impact on the price of white sugar.

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