On July 9, sugar producers and distributors in Guangzhou quoted white sugar prices at 5,240–5,290 RMB per tonne, a decrease of 20 RMB per tonne from the previous day. By the end of June, cumulative sugar sales in Guangxi totaled 5.028 million tonnes, while industrial inventories stood at 2.6694 million tonnes—an increase of 1.345 million tonnes year-on-year.

Regarding the spot market, the quoted price range of 5,240–5,290 RMB per tonne in Guangzhou represented a 20 RMB per tonne drop from the prior day. With Guangxi's industrial inventories reaching 2.6694 million tonnes by the end of June—up 1.345 million tonnes year-on-year—supply pressure has intensified significantly, exerting downward pressure on white sugar prices.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.