"Gaozongzong" Creates New History for High Development

China's main sugar producing area in Guangxi sugar white spot price reached 7660 yuan per ton of sugar prices continued to hit a record high. According to the data of Guangxi Sugar Net, yesterday, the spot price of sugar in Guangxi, the main sugar producing area of ​​China, has reached 7,660 yuan per ton, a record high since the record. Yesterday, industry sources said that last weekend, the National Development and Reform Commission has already interviewed major sugar producing enterprises in Guangxi.

The price of sugar has risen six times during the year. Since the middle of 2008, domestic sugar prices have continued to rise. This year's fastest price rises occur in the two periods from the first quarter to May. According to Guangxi Sugar Network data, sugar prices have hit record highs since May. The main producing areas in Guangxi account for more than 60% of the total domestic sugar supply.

In order to stabilize the price of sugar, this year the country has put 6 reserves of sugar into the market, which is the most frequent in recent years. Huang Junfei, a Changjiang Futures Sugar analyst, said yesterday that there is a gap of more than 1 million tons in the domestic sugar market each year, which needs to be made up by imports. This year, international sugar prices continued to rise, driving domestic sugar prices.

Huang Junfei said that the gap in the domestic sugar industry needs the country to increase the amount of reserves to make up for it. The general reserve accounted for 30% of the annual consumption and the linkage of the international market would be greatly reduced. "Through several throws of reserves, domestic reserves have been very low, and the impact of reserves on the market is getting smaller and smaller."

According to the latest forecast of China Sugar Association, the supply and demand gap in the crop season is 2 million tons. Analysts pointed out that the current state's control of throwing stockpiles appears to be “stretched”. Even if a large amount of raw sugar is imported, processing will still take some time. Before October, the tight supply and demand in the sugar market was difficult to change.

According to the “New Express” reported on the 26th by the Development and Reform Commission, relevant persons from the National Development and Reform Commission last Friday visited several major sugar companies in Guangxi to investigate the cause of the rise in sugar. The report quoted sources as saying that the National Development and Reform Commission and There is no limit price requirement for sugar.

The reporter confirmed with the Nanning Sugar Industry yesterday and the relevant person in charge said that due to the imminent release of the interim report, it was not convenient for the interview.

Huang Junfei analysis said that the recent price of sugar may change from a sharp rise to a high level shock. However, it is now in the peak season for sugar sales. If sugar prices continue to rise in the later period, it may break through the concussive pattern and make up for it.

- Influencing price transmission to the downstream sugar is an important raw material for many foods. Beverages, sweets, cakes, etc. are all affected by fluctuations in the price of sugar. The continuous rise in sugar prices has brought about an increase in the prices of end-industry end-products.

This reporter learned that since the beginning of this year, the news that Coke and other beverage companies have reduced their prices have been reported. Yesterday it was reported that some sugar retailers had already raised the sugar retail price.