Today's sugar price

The overall surplus pattern of sugar market has not changed, and the price fluctuates repeatedly.

On June 5438+ 10, the industrial inventory in the sugar market was at a low level, and the State Reserve Bureau increased its selling, so the sales pressure of sugar factories was less. After the sugar beet in the north is squeezed, the main sugar producing areas in the south such as Guangxi and Yunnan will enter the squeezing period one after another, and the sugar supply in the market will be supplemented by the listing of new sugar. At the same time, natural factors such as weather are conducive to the growth of sugarcane raw materials, which makes the expectation of yield growth continuously strengthened. The interaction of these factors may make the rebound of sugar prices in Zhengzhou more repetitive and the rebound process more tortuous. In the medium and long term, with the gradual strengthening of demand support in the later period and the smooth handover of old and new sugar, the author's main expectation is that sugar prices will fluctuate. In other words, the pattern of falling sugar futures prices in the United States has not changed, and the overall surplus pattern of the sugar market has not changed. However, the medium-term performance of Zheng sugar futures price is mainly wide and repeated oscillation, and the operation time may be longer, and the final downward trend will still be the mainstream of its operation.

1 month and September, the monthly sugar import increased.

According to the data of the General Administration of Customs, in September, China imported 6.5438+0.5 million tons of sugar and exported 9,935 tons. The total import volume from June to September was 940,000 tons, a decrease of17.9% compared with the same period of last year; Cumulative exports1385.36 million tons, down by 5 1.9%. It is estimated that the sugar import in 2006 will be 1.25 million tons, which is 1.39 million tons less than that in 2005, mainly due to the sale of sugar by the state. However, in a single month, the sugar import in September was 6.5438+0.5 million tons, which was a very high month, much higher than the monthly average import of 6.5438+0.10.5 million tons in 2005. This import situation reflects the phenomenon that the supply and demand of sugar in September and June, 65438+ 10/0 are "green and yellow".

By the end of September, the national industrial inventory was only 1.0 1.500 tons, far lower than last year's inventory of 293,000 tons.

In September, the manufacturer sold 5,654,380+0.2 million tons of sugar, much higher than the level of 386,000 tons in the same period last year. Although June 5438+ 10 is the off-season, low-level inventory still plays a good supporting role in sugar prices. After the National Day holiday, due to the favorable sales progress in September, some merchants in the sales area made up their positions, resulting in a very limited supply of sugar sources in the sales area. At the same time, only part of beet sugar is listed in the north, so the quotation in the producing area slowly rises by 50-70 yuan during the long holiday, and then slowly rises after the long holiday. Take Nanning and Kunming as examples. Now the spot price is 4,400-4,500 yuan/ton, which has remained at a high level. However, the performance of each sales area is different, with ups and downs during the long holiday, and even a sharp drop in some places, and the overall price is basically the same. After the long holiday, the price rose sharply due to the further tightening of the spot. Take Wuhan, Changsha and Hangzhou as examples, the price of sugar in the sales area is 4500-4600 yuan/ton. The quotation of merchants in most areas is below 4550, which narrows the quotation gap with the producing areas. This is mainly due to the continuous auction of sugar by the State Reserve, which has increased the effective supply of sugar in the market.

Although the supply of sugar comes not only from industrial stocks, but also from the national reserve and the imported sugar regulation market, the spot price firmness caused by the lack of industrial stocks will continue in the short term of 65438-00, which will form an important support for Zhengzhou sugar futures price. 1October 30 10, the spot price level of white sugar in major cities such as Nanjing, Hefei and Zhengzhou is 4,500-4,600 yuan/ton, while the contract futures price of Zhengzhou 061/kloc-0 is only 4,020 yuan/ton after the daily limit. It can be seen that the large spot price difference is an important driving force for the rebound of Zhengzhou sugar futures.

However, this rising market based on seasonal supply shortage may not last long. 1010.30, Zhengzhou sugar futures fell sharply in a single day, indicating that the current price increase of sugar futures is very fragile.

Secondly, it will be profitable to sell the national reserves.

This year, the major factor affecting the domestic sugar market is the sale of sugar by the State Reserve Bureau. Entering September is the period when the original selling plan is about to be completed, which means that the pressure from the state selling will become smaller and smaller, that is, the bad will be exhausted. Speculators used reverse thinking to decide to do more, which amplified the rebound of sugar prices in Zhengzhou. Although the State Reserve Bureau decided to increase sugar selling from June 5438+ 10, it still failed to stop the rebound of Zhengzhou sugar futures. In fact, at the end of August and the beginning of September, Zhengzhou sugar futures gradually entered the rebound process, and the sugar price that had been suppressed for a long time by selling activities entered the return track.

Judging from the increase of sugar auction in June 5438+ 10, traders are also confident in bargain hunting. 1October, the first national sugar auction was held in June 65438+1October 65438+March, with a total auction amount of 80 173. 1 1 ton of raw sugar. By 10, the auction officially ended, which changed the habit of "fighting a protracted war" in the process of national sugar auction. During the auction, the bidding companies did not hesitate to bid, and it took only 1 hour to end the battle in a hurry. Judging from the auction results, the average transaction price is only higher than the auction reserve price 14 yuan, and the participating enterprises are decisive and well prepared. Compared with the indecision of previous auctions, it reflects that many traders have consistent and firm views on the market outlook.

In addition, in this auction, the only auction of sugar reserves in all countries in the 2005/06 crop season took place. The storage point where the flow auction occurred is: the storage point of Hepu sugar warehouse in Guangxi, and the quantity of flow auction is 10000 tons; Hubei Shekou sugar storage depot, the auction quantity is 15 173.438+0438+0 tons; Jiangsu Nantong sugar storage, the auction quantity is 5000 tons. Among them, it is reasonable that there is no local manufacturer with processing ability in Hubei Library.

The rest depends on the situation in Guangxi and Jiangsu. Some sugar merchants are not optimistic about the price of sugar, whether it is the producing area or the sales area. This shows that in the process of sugar price rebound, it is easy to appear repeatedly.

Table 2006 National Reserve Sugar Auction Results Table

Results of 2006 National Reserve Sugar Auction (Source: China Sugar Association)

Click here to view all financial news pictures.

Unit: Yuan/ton

Third, the listing of new sugar attracts attention.

It is expected that the output of sugarcane in the main producing areas of Guangxi will increase, so the production task of sugar mills in the cropping season is heavier. In the 2005/06 cropping season, Guangxi concentrated in the middle and late June 1 1, and the upcoming new cropping season is expected to be advanced to the middle and early June, among which more sugar factories will open in the middle. Since the beginning of this year, there has been abundant rain in Guangxi in the early stage, and the temperature difference in the later stage is relatively small. At present, according to the determination of main sugarcane areas, the sugar content of sugarcane is nearly 1 percentage point lower than that of the same period of last year, which has affected the opening time to some extent. Considering the weather factors, agricultural experts believe that it is not appropriate to start squeezing too early from the perspective of scientifically arranging production to achieve high yield and high sugar.

In the new crop season, more than 20 sugar factories in Guangxi have undergone different degrees of technical transformation, and their production capacity has been significantly improved on the basis of the 2005/06 crop season. The newly designed daily sugarcane pressing capacity is close to 500,000 tons, which is beneficial to relieve the pressure of prolonged pressing season caused by increasing sugarcane production. The expansion of production capacity is conducive to alleviating the pressure of increasing production.

This will push forward the pressure of centralized listing of new sugar. The listing of new sugar has an inhibitory effect on sugar price, which has been shown in the process of listing new sugar in the north of sugar price. Before the listing of new sugar in the north, the supply of cotton sugar in the northern production and marketing areas was tight, and the price went up all the way. However, it flew down in a blink of an eye, falling by several hundred yuan, which was once lower than before the opening up, and at the same time formed a market situation in which the price of sugar was high in the north and low in the south. Will it have a similar impact on the market after the main producing areas in the south start production one after another? The answer is yes. However, with the increasing collectivization of production enterprises in the main producing areas in the south, the ability to control the situation has been greatly enhanced, and the sugar price has become more resilient. Therefore, after the listing of new sugar in South China, the prices of new and old sugar in the production and marketing areas may be handed over in a relatively mild way. However, there will still be pressure on the whole, which makes the current rebound of Zhengzhou Sugar show more repetitiveness.

Fourth, the weather is conducive to the growth of sugarcane.

Since August, the weather factors in the main sugar producing areas are good, which is conducive to the growth of sugarcane raw materials. Most sugarcane areas, such as Nanning, Chongzuo, Fangchenggang and Qinzhou, experienced drought in the first half of June at 5438+ 10, and they grew well in other periods, which will lay the foundation for increasing sugar.

In the middle and late August and early September, there are 2-3 obvious rainfalls in most sugarcane areas, which is very beneficial to the later growth of sugarcane. According to the meteorological monitoring results, by early September, sugarcane was growing well, and there was no obvious drought in most sugarcane areas.

In mid-September, the temperature in most parts of Guangxi was 0.5-3℃ lower than normal. After obvious precipitation occurred in most sugarcane areas in early September, small to moderate rain and local heavy rain occurred in mid-September, which greatly inhibited the occurrence and development of autumn drought and was very beneficial to the later growth of sugarcane. According to the meteorological monitoring results, sugarcane grows well everywhere, and there is no obvious drought in most sugarcane areas.

Although the temperature in most sugarcane areas in late September was higher than normal 1.5-3℃ and the rainfall was 2- 10% less than normal, there were two obvious rainy days in most sugarcane areas in late September and mid-September, which played a very positive role in restraining the occurrence and development of drought. According to the meteorological monitoring results, by the end of September, except for a slight drought in the sugarcane area in southwest Guangxi, there was no obvious drought in most other sugarcane areas, and sugarcane grew well.

65438+1early October, there was basically no rain in most sugarcane areas, and the temperature was 0.5-2.7℃ higher than normal. Most sugarcane areas have experienced different degrees of drought, among which Nanning, Chongzuo, Fangchenggang, Qinzhou and other sugarcane areas have reached light to moderate drought. According to the meteorological monitoring results, by the end of the first ten days of 10, a few sugarcane areas had rolled leaves or withered, which had a negative impact on the later growth and sugar accumulation of sugarcane. Even so, compared with the marketing year of 2005/2006, the drought of 5438+ 10 in early June will not change the present situation that sugar production will increase.

5. Long-term pressure has yet to be released.

Although the sugar price at home and abroad has entered a rebound process at present, the sugar output of major sugar-producing countries has recovered, which still puts great pressure on the sugar price outlook and needs to be released in the future.

According to the forecast of the International Sugar Organization (ISO) in September, although the sugar production in the EU will be reduced by 20% in 2006-07 due to the cancellation of sugar export subsidies, it is estimated that the global sugar production will exceed the consumer demand by 2,654,380+0.7 million tons in 2006-07. The main reasons are the further expansion of sugar industry in Brazil and India, the recovery of sugar production in China, Thailand and Eastern European countries, and a slight increase in sugar production in the European Union.

In the 2005/06 crop season, sugarcane cultivation in China was not affected by natural disasters. Stimulated by the high sugar price in the first half of this year, farmers in the main producing areas have a higher enthusiasm for expanding sugar materials, and the sugarcane planting area in China has expanded. If there is no major disaster, the sugar yield in the 2006/07 cropping season may reach 1050- 1 1 10,000 tons. The expansion of sugarcane planting area will continue to put pressure on sugar prices. This will limit the overall level of sugar rebound at present.

Price trend of intransitive verbs

From a fundamental point of view, the rebound of sugar futures price is based on the low level of industrial inventory and insufficient supply, which is mainly caused by seasonal factors. In the early stage, beet sugar in the north was squeezed and listed, and the output was limited, so it was difficult to meet the demand of the southern market. The regional imbalance of market supply leads to tight supply in the spot market and rising spot prices, thus promoting the rebound of sugar prices. At the same time, the sugar selling of the State Reserve Bureau shows signs of ending. Market traders believe that the biggest pressure on sugar prices will soon be eliminated, so it is difficult for the market to continue the bear market momentum since the beginning of the year in a short time without factors that can bring more pressure to the market than the sale of sugar by the State Reserve Bureau.

Technically, the current rebound of sugar prices in Zhengzhou is mainly technical. Since the price reversal of Zhengzhou sugar futures at the end of/kloc-0 and the beginning of February, Zhengzhou sugar futures have been falling all the way due to factors such as the suppression of selling by the State Reserve Bureau and the expected sharp increase in sugar production in the new marketing year. By the end of August, the sugar price in Zhengzhou had not rebounded significantly. Through the rebound, the relationship between sugar prices at home and abroad has been adjusted, so that Zhengzhou sugar futures can fully reflect the changes in sugar prices in the international market.

Based on the above reasons for the rebound of sugar prices, it is difficult to give long-term support to sugar prices. Their impact on the market is only phased and seasonal, so their effect on sugar prices is limited.

This determines that the rebound momentum of sugar prices is fragile and repeated. Especially in the case that the new sugar in the south is about to go on the market and the global sugar output is increasing, Zhengzhou sugar is more uncertain. It is expected that Zhengzhou sugar futures market will be dominated by wide fluctuations. This process may take a long time, about 4 months, that is, it will take 2007 1 month to choose a new direction.

Zheng Mian's release of 13000 is still an adult low.

Since 2006, cotton prices at home and abroad have generally shown a downward trend. new york cotton futures prices have dropped from a high of 58.29 cents at the beginning of the year to a recent low of 49.25 cents, with a decrease of 15.5%. Zhengzhou cotton 70 1 contract dropped from 16 180 at the beginning of the year to a recent low of 13 105, with a decrease of 19%. Recently, although the cotton price is still relatively weak due to the inertia of the weak market, looking ahead: due to the full release of seasonal pressure, the short-term falling space of Zheng Mian futures prices has been relatively limited. In the future, with the gradual warming of seasonal demand, the possibility of cotton price fluctuation at home and abroad will gradually increase, with the specific analysis as follows:

First, the US cotton subsidy issue was sued again, which made it possible for the international cotton price to rise.

Thanks to the high subsidy from the American government, the dumping of American cotton in the international market is the main factor leading to the long-term and sustained low international cotton prices.

At the Hong Kong Ministerial Conference of the World Trade Organization in June 5438+February 2005, the United States promised to eliminate cotton export subsidies by the end of 2006 and gradually reduce other forms of domestic support policies, but the United States has not fully fulfilled this ruling so far.

On September 27, 2006, Brazilian cotton growers put pressure on the government, urging it to ask the WTO to investigate whether the cancellation of the second step of cotton subsidies in the United States in August was in full compliance with the WTO ruling. The investigation is expected to be completed within three months. If the WTO ruling supports Brazil, then Brazil may impose trade sanctions on the United States. Analysts believe that if the United States cuts subsidies to cotton farmers, international cotton prices will rise.

Second, the domestic cotton yield is high, but the supply will still be in short supply for a long time, and 13000 is expected to become the low point of the annual futures price.

Due to the increase of planting area and favorable weather for cotton growth, the cotton output in China will increase greatly in 2006/2007. According to the latest survey of China Cotton Association in June 5438+ 10, the national cotton output will reach 6,465,438+million tons in 2006, an increase of 12.5% over the previous year and a record high. But the cotton consumption gap and the situation of relying on cotton imports to make up for it will exist for a long time. According to the forecast of USDA, the cotton consumption in China will reach 1 165438+ 10,000 tons in 2006/2007, an increase of 980,000 tons or 9.7% over the previous year, and the estimated cotton import volume is 4.246 million tons.

Because imported cotton accounts for 40% of China's cotton consumption, the national quota policy and cotton import price have an important impact on China's cotton price. At present, the state stipulates that the import price of cotton should not be lower than 12950 yuan/ton (5% in sliding duties). Combined with the national cotton purchasing and storage policy 1.25 million yuan/ton in 2004, it is comprehensively judged that1.30 million yuan/ton will be an important supporting price for China's cotton price in 2006.

Third, technological changes have taken place in the Zheng Mian market.

Zhengzhou cotton 70 1 contract has generally fluctuated since the low point of June 12 13 105 yuan. On June 23rd 10, the main contract 70 1 maintained a moderate volume growth, while the positions increased abnormally by 265,438. Combined with the strong short-term trend of the disk, driven by the large inflow of sugar funds in Zhengzhou market and stimulated by the short-term strong shock of cotton in new york, the short-term Zheng Mian performance may gradually become active. Investors can keep a close eye on it and try to keep up with it by supporting cameras at recent lows.

Production and consumption information

1. Brazil will greatly expand its production in the next six years. Unica, the sugarcane production alliance in Sao Paulo, Brazil, said in a report that the sugarcane production in the central and southern regions will increase from 370 million tons in this cropping season to 628 million tons in 20 12-20 13, and the proportion of sugarcane used to produce alcohol will increase from 48.3% in this cropping season to 60%. In the next six years, the production capacity of large enterprises will be further improved. The production capacity of the largest 67 enterprises will be increased from 273 million tons (accounting for 73% of the total output) to 4,965,438 million tons (accounting for 78% of the total output). 17 the sugarcane output of foreign-funded groups will increase from 185 million tons (accounting for 4.5% of the total output) to 33 million tons (accounting for 6.5% of the total output).

2. Syria bought 40,000 tons of raw sugar. According to the official news of Syrian sugar company (1 65438+1October1), the company bought 40,000 tons of raw sugar delivered this month from a French company at the price of 258 euros/ton in the sugar procurement bidding that ended on Tuesday.

3. Thailand will increase sugarcane production in the new sugar-making year. According to Thai sugarcane &; Chana Kariwat, manager of the Production Development Department of the Sugar Industry Management Committee (TCSB), said on Thursday that due to the abundant rain during agricultural production, the sugarcane production in Thailand in 2006-07 is expected to increase by 4% from the estimated 57.3 million tons in July this year to 59.89 million tons.

4. Fuel ethanol policy will affect sugar price. According to the news from the "China Sugar Industry Sustainable Development Summit Forum" being held in Guilin, Guangxi, the relevant state departments are formulating fuel ethanol development policies and industrial development plans.

According to the planning idea, the development of non-grain raw material fuel ethanol is expected to be included in the planning, and the state will build a non-grain raw material base according to local conditions and actively develop the fuel ethanol industry. However, it is necessary to support the development of fuel ethanol with sugar as raw material on the premise of ensuring the development of sugar industry.

The sugar factories in the three northern producing areas have all been squeezed. On October 20th, sugar net 10/kloc-0 learned from Heilongjiang and Inner Mongolia sugar associations that Heilongjiang North Sugar Co., Ltd. and Inner Mongolia Chifeng Sugar Factory had started squeezing on1October 22nd and 26th 10 respectively. Up to now, 42 beet factories in the three northern producing areas have all been crushed.

6. Some groups in Guangxi opened in the new harvest season. According to the news of Guangxi Sugar Industry Association, the third factory under Guangxi Nanning Sugar Industry Group and the sugar factory under Shangshang Sugar Industry Group will start squeezing on June 5438+065438+ 10 1. It is estimated that there will be about 30 sugar factories in Guangxi in June 5438+065438+ 10/0.

7. The planting area and yield of straight beet in Yili once again ranked first in Xinjiang. In 2006, the planting area of straight beet in Yili Prefecture was 465,500 mu, up by 19.62% year-on-year. The output is expected to reach1775,600 tons, an increase of 24.36%; It is estimated that the average yield per mu is 3814kg, an increase of about100kg or 3.92% over the same period last year. This year, the planting area and yield of straight beet in Yili reached a record high, ranking first in Xinjiang.

8. Ma, deputy director of the Economic and Trade Circulation Department of the National Development and Reform Commission, believes that increasing sugar production puts forward higher requirements for total balance, national macro-control and sugar price stability. According to the current investigation and statistics, the national sugar output in 2006/07 was 1 1 10,000 tons, an increase of 2.2 million tons over the previous cropping season. It is very important to consume this 1 1 ten thousand tons of sugar. However, the international sugar price trend in 2007 is still unknown. According to the current price of 1 1- 12 cents/pound, the cost of importing into China is 3,700-3,800 yuan/ton. If the sugar price falls below 10 cents/pound next year, the domestic sugar price pressure will be very great.

9. Autumn sugarcane planting boom in Nanning. Recently, the Sugar Management Center of Yongning District seized the favorable opportunity that the sugar factory issued preferential policies to support autumn sugarcane planting in 2006, went deep into villages and towns, mobilized sugarcane farmers to plant autumn sugarcane, and promoted the stable development of sugarcane production in urban areas. Because autumn sugarcane is planted in autumn, it will not be harvested until the next winter or the third spring, and the planting period is long, so sugarcane farmers are not enthusiastic about planting. In view of this situation, the sugar industry management center actively cooperates with sugar factories and township governments to publicize the advantages and cultivation techniques of autumn planting sugarcane and encourage farmers to plant autumn planting sugarcane. At the same time, relevant departments have also increased their support and preferential policies in a timely manner. As stipulated by Li Ling Sugar Factory, from August 10 to 10/5, sugarcane farmers use tractors to plant autumn sugarcane for free. Reclaim barren hills and slopes to plant autumn sugarcane, and give 50 yuan/mu reclamation fee subsidy; Free supply of 50 kg/mu compound fertilizer, 4 kg difudan, etc.

At present, through publicity, the people are more enthusiastic about planting autumn sugarcane, and the planting area of autumn sugarcane in Yongning District has reached more than 8,500 mu.

10, the opening schedule of some sugar enterprises in Guangxi.

Nanning Sugar Industry Co., Ltd. 165438+ 10/0/

Guangxi Eurasia Sugar Co., Ltd. 11June1.

Yangpu Nanhua Sugar Group Co., Ltd. is undecided.

Guangxi Feng Tang Biochemical Co., Ltd. is undetermined.

Guangxi Nongken Sugar Group is undecided.

Guangxi Yongxin Huatang Co., Ltd.165438+1mid-October

Guangxi Yizhou Boqing Food Co., Ltd.165438+1October 8

Guangxi Wuxuan Boxuan Food Co., Ltd. 1 1.7

Before Guangxi Xiangzhou Bohua Food Co., Ltd.11June 10.

Guangxi Laibin Dongtang Group Co., Ltd. is undecided

Trade information

1. Brazil's sugar imports decreased this week. According to the data released by Williams Shipping Company of Brazil on Wednesday, the number of merchant ships waiting to load sugar in Brazilian ports this week has been reduced from 106 last week to 58, and the amount of sugar that the port plans to transport to the international market around next month has also been reduced from 1.3 million tons last week to1.65438+00 million tons. Among them, the amount of sugar leaving Santos Port decreased from 765,438+04,692 tons last week to 664,025 tons, and the amount of sugar transported to the international market from Paranagua Port in the southern region also decreased from 300,800 tons last week to 65,438+060,950 tons.

2. China sugar import forecast in 2006/07. In 2005/06, China imported 65,438+300,000 tons of sugar, including 650,000 tons for general trade, 400,000 tons for Cuba and 250,000 tons for other import and processing. The import volume in 2006/07 is estimated to be 165438+ million tons. According to the predicted output in 2006/07, when the domestic sugar price is 3,800 yuan/ton, the corresponding international sugar price is 10.05 cents, while when the domestic sugar price is about 4,000 yuan/ton, the corresponding international sugar price is about1/kloc-0 cents.

Inventory information

India/kloc-put 1, 1 1.3 million tons of sugar into the domestic market in October. The federal government of India recently said in a statement on Wednesday that it has decided to put110.3 million tons of sugar into the domestic market this year, which is 8.3% higher than last year's10.3 million tons. According to the current policy in India, the amount of sugar that sugar factories put into the domestic market every month should not exceed the amount stipulated by the government.

2. According to the previous plan of the Indian government, the total amount of sugar invested by the government in the domestic market will increase from 3.9 million tons in the same period last year to 465,438+million tons, of which10.5 million tons in the same month last year will increase to10.6 million tons.

3. At the national sugar production and marketing work conference in the new harvest season, the purchasing and storage plan was introduced as soon as possible, and the national purchasing and storage efforts were strengthened, which became the voice of the heads of major sugar-producing areas associations. Zhang Rubin, secretary-general of Guangxi Sugar Association, suggested that the state set the purchasing and storage price at 3,800 yuan/ton, Hong Shunan, chairman of Yunnan Sugar Association, suggested that the purchasing and storage price should be 3,500-4,000 yuan/ton, and Liu Hande, chairman of Guangdong Sugar Association, suggested that the purchasing and storage price should be 3,400-4,000 yuan/ton. It is understood that at present, the purchase price of sugarcane in Yunnan Province has reached 200 yuan/ton, and the whole region in Guangxi has a unified price of 260 yuan/ton (sugar price is 3,900 yuan/ton). Hong Shunan said that the national purchasing and storage price should not be lower than the factory production cost price. It is estimated that the average tax-included cost per ton of sugar in Yunnan's new cropping season is 3455 yuan. He suggested that Yunnan take the total production cost of the province as the storage price.

4. "It is more appropriate to collect 300,000-500,000 tons of white sugar." Zhang Rubin, secretary general of Guangxi Sugar Association, said. Hong Shunan also supports this proposal. In this regard, Ma, director of the Economic and Trade Department of the National Development and Reform Commission, said that the country's reserve and storage prices are still under discussion.

Transaction information

1, the purchasing price of sugarcane in Guangxi in 2006/2007 has been determined. In 2006/2007, the purchasing price of sugarcane in Guangxi was basically determined as the protective price of 3,900 yuan/ton of sugar corresponding to 260 yuan. The linkage coefficient of sugarcane secondary settlement is 6%, which can increase the price of improved varieties by 5- 15 yuan/ton according to the specific situation.

2. Sugar price by region (2006- 1 1-03) (unit: RMB/ton)

Regional prices rise and fall daily-+weekly rise and fall-+monthly rise and fall-+annual rise and fall-

Nanning 4370-4400-30 120 770

Liuzhou 4450-200830

Kunming 4500-4520-850

Dian Wei 4500-4520-900

Zhanjiang 4480- 180 170 750

Guangzhou 4500-4520-80 150 720

Shantou 4450-4480-70 670

Haikou 4560-20 80 860

Shanghai 4450-4500-100-100 700

Hangzhou 4680-80 160 880

Ningbo 4500-50 720

Yiwu 4560-4580-40 60 760

Nanjing 4480-70-20 700

Nantong 4450-4500-50-630

Compound fertilizer 4540-40- 10 690

Daily photos 4350-4380-50-20 500

Qingdao 4400- 10 20 530

Qingzhou 4400-500

Fuzhou 4500-30 70 670

Jinjiang 4500-70 650

Celebrate 4500-4540 20 -60 50 700

Hongyou Wang, jinrui futures

Prompt information:

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