SunSirs: China Yunnan Sugar Inventory Increases, Sales Rate Declines
November 05 2025 15:01:49 SunSirs (Selena)
As of the end of October 2025, Yunnan Province had cumulatively sold 2.3115 million tons of sugar, with a sales rate of 95.57% (compared to 98.38% in the same period last year). Industrial inventory stood at 107,200 tons (compared to 32,900 tons in the same period last year). October sales alone reached 97,500 tons, an increase of 18,600 tons year-on-year.
Data shows that as of the end of October 2025, Yunnan's industrial sugar inventory increased significantly year-on-year to 107,200 tons (compared to only 32,900 tons in the same period last year), an increase of 226%, indicating a significant increase in supply pressure. The sales rate decreased year-on-year to 95.57% (compared to 98.38% in the same period last year), reflecting a slowdown in sales progress and relatively weak demand. These two factors are bearish for spot prices and may lead to short-term downward pressure. However, October sales of 97,500 tons, an increase of 18,600 tons year-on-year (an increase of approximately 23.5%), show resilient demand, partially alleviating downward pressure. Based on sugar futures data, the main contract 2601 closed at 5,481 RMB/ton on November 4, up 9.00 RMB from the previous day, with high trading volume (154,845 lots), indicating that market sentiment has been relatively strong recently.
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