Quotes: August Showed Upward Trend In Domestic Sugar Prices – Sugar, Sugar – Food Industry
Investment consultant in industrial research centers from Ministry of Agriculture, agricultural market, according to Department of Agriculture expert monitoring and warning issued in August 2009 sugar market monitoring information shows that in August, the domestic price of sugar rose significantly, there is also a sharp rise in international sugar prices, the current , spreads continue to expand at home and abroad. Investment Advisor in the food industry, Chen Chen, chief researcher believes that the current global sugar inventories to minimize the sugar supply is expected to peak next year period, the sugar supply will show a tight state.
Department of Agriculture data show that the current domestic sugar prices rose significantly. In August, the average price of domestic sugar cane was 3931 yuan per ton, up 4.8% in the chain, up 38% year on year, to a high level since the 2005/06 crop season. Which, Guangxi sugar price per tonne from early in August rose to 3,800 yuan at the end of 4200 yuan journey, up by 10.5%. In domestic sugar prices, the international price of sugar has risen sharply, climbed the highest price since the 2002/03 crop season. Demand and supply gap in the international sugar prices to bring profitable support, August 11, New York, raw sugar prices rose, from 19 cents per pound in early risen along the way at the end of the 24 cents, the average price of 22 cents a month, the chain up 24%, up 61% year on year, the highest since the 2002/03 crop season price.
As international sugar prices rose sharply, Thailand in August after-tax price of sugar imported into the shore (Pearl River) up to 5198 yuan per ton, up 725 yuan from the previous month, the main production areas of sugar cane than the domestic wholesale price of high 1267 yuan, 546 yuan to expand the spread last month. Customs data show that in July, China imported 132,000 tons of sugar, part Bizeng 46.5%, up by 5.07 times. 1-7 months, China imported 863,000 tons of sugar, up by 57.5%.
Sudden drop in sugar output by the impact of global sugar production this crop season declined. Investment Advisor in the food industry, Chen Chen, chief researcher believes that the current global sugar inventories to minimize the sugar supply is expected to peak next year period, the sugar supply will show a tight state.
Production by more than the previous crop season sales, lower prices affect the late crop season, the crop season significantly decreased the sugar industry benefits, this one? May deficit of 260 million yuan. However, since the second quarter of this year, as China’s economic recovery, demand for sugar consumption have shown a warming trend, especially in food and beverage industry, a substantial increase in the demand for sugar. In the second quarter, the beverage industry into the season, leading to an increase in the demand for sugar, sugar prices and supply are good rebound situation occurs, leading to sugar a “shortage” situation.
In the first half, subject to import sugar and stock and other factors, domestic sugar prices have been running low, most of the sugar companies are suffering losses, with the sugar used in the pressure peak and the end of stock, domestic sugar has started to rise individual provincial sales rate was once close to the situation. Into the third quarter, subject to the impact relations between supply and demand imbalance, the collective international and domestic prices rise in the cafeteria.
Investment adviser in the release of “2009-2012 China’s soft drinks industry, Investment Analysis and Prediction of the report” shows that foods with sugary drinks account for 32% of the amount of sugar, 1-August, soft drink production reached 51,926,300 tons, more than cumulative increase of 20.87% over the same period last year. In the first half, beverage manufacturing industry sales income of 40.268 billion yuan, up 2.68%; net profit of 8.05 billion yuan, up 26.62.
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