The latest data released by the General Administration of Customs on October 20th shows that China imported 151,400 tons of syrup and pre mixed sugar powder in September. The cumulative amount of syrup and pre mixed sugar powder imported from January to September was 885,100 tons, with an average monthly import of 98,300 tons.
In September, China imported 151400 tons of syrup and pre mixed sugar powder, with a total of 885,100 tons from January to September, averaging 98,300 tons per month. This indicates an increase in syrup supply as a substitute for white sugar, which may reduce domestic demand for white sugar and put pressure on spot prices. On the futures market, the main contract for sugar on Zhengzhou Commodity Exchange, 2601 (dated October 22, 2025), closed at 5,426 yuan/ton, down 20 yuan/ton, with a decrease of 4,406 lots in holdings and high trading volume, indicating an increase in bearish sentiment in the market. The amplification of import data will exacerbate expectations of oversupply, and combined with the recent downward trend in futures, it is expected that sugar prices will continue to weaken in the short term.
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