With the growing areas across the country received one by one pressing, the sugar crop season (information market) production has finally surfaced. According to statistics of China Sugar Association, the crop season of sugar production was 12,431,200 tons, compared with the previous crop season a record of 14,840,200 tons a full reduction of the 2.409 million tons, a reduction of 16.24%, and this is a substantial three-sugar the first decline after increasing production. According to terms of sugar production cycle, the next cut cycle will come to the party, that is, the output of the next crop season will continue to decline. According to Chinese statistics
sugar Society, 6, ended in late 2009, the sugar of the national total Sell 9,127,300 tons of sugar (the sugar over the same period sales of 10,156,900 tons of sugar), glucose rate of 73.42% cumulative sales (the sugar of 68.44 percent over the same period), which sold 8,488,400 tons of sugar cane (on the same period in 9,262,800 tons of sugar ), sugar sales rate of 73.62% (previous period compared to 67.71 percent sugar), selling 638,900 tons of beet sugar (the sugar of 894,100 tons over the same period), sales rate of 70.89% sugar (the sugar of 77% over the same period) . Under this set of data we can see, whether it is sales or marketing of sugar glucose rate lower than year ago levels.
But we think it can not say that sales this year, less than in previous years, because we must consider two issues, one is the carry-over stocks last crop season, the other state and local purchasing and storage. 07/08 crop season at the beginning of the carry-over stocks of 50 million tons, state and local purchasing and storage of Guangxi total of 1.1 million tons, the figure, then the crop season in June as sales volume of about 9,556,900 tons of sugar. 07/08 crop season of over-supply of sugar is not only a drag Sugar Down, to the 08/09 crop season also left a record 100 million tons of inventory. The 2009 national total purchasing and storage and Guangxi local purchasing and storage of 80 million tons, consolidated available at this crop season in June sales volume has reached 9.3273 million tons of sugar. Compare the above two, then sell sugar this year, down just 2.4% over the same period, and we see that output fell by 16.24%, the shift can be found between the sale of sugar this year is more optimistic. If in accordance with the annual sugar consumption of about 6%, then the crop season will consume 14.6 million tons in theory about the white sugar, white sugar supply and demand of the crop season will have a gap, which provided strong fundamentals for the sugar support.
According to statistics of China Sugar Association, in June to September last year during the traditional peak season of consumption, the country sold a total of 3,140,600 tons of sugar. As of the end of June this year, the remaining inventory to 3.3039 million tons of sugar, if sales of the normal, then near the end of the crop season, the sugar market will stage a short supply situation. Even when countries put into storage, but also balance the market supply and demand, comparison with national regulation to emphasize "only control the total balance, not to control prices," purpose. In this case the suppression effect on the price of sugar may be more now greatly reduced, due to release storage plunge caused little probability of occurrence.
Because the sugar in their production and sales of the inherent laws, it has sugar Shangwang known as the "back nine seven people died and eight live" view. This year's sugar production and marketing conditions are more in line with the conditions of this law, it can determine price of sugar consumption of sugar in the inventory was gradually improved as the new crop season in the sugar will start out returning to the bull market.
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