According to SunSirs' commodity market analysis system, the average domestic price of Grade I white sugar was 5,386 RMB/ton at the beginning of last week and 5,376 RMB/ton at the weekend, marking a decline of 0.19%.

Domestically, although the summer peak consumption season provided some support through essential procurement, market sentiment was dominated by supply-side pressures—specifically, a year-on-year increase in production following the end of the domestic crushing season and high industrial inventory levels. Coupled with the ripple effect of weakening international raw sugar futures, these factors caused domestic sugar prices to soften during the week. Downstream end-users and traders adopted a cautious stance, focusing primarily on clearing existing inventories or making small, on-demand purchases; overall market trading activity remained sluggish.

Internationally, India's sugar production for the 2025/26 crushing season is projected at approximately 32 million tons. The Indian government has extended its ban on sugar exports until September 30; the absence of Indian exports reduces global supply and serves as a key variable offsetting increased production in Brazil.

Given the high domestic inventory levels and sluggish terminal procurement, white sugar prices are expected to exhibit a fluctuating, bearish trend in the short term.

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