The cost and selling price are seriously disconnected, and the sugar industry association demands a significant price increase of 30% for the minimum selling price of sugar! Are Indian sugar factories on the brink of bankruptcy?

Due to the expected increase in supply from Brazil and weak demand in Indonesia, the New York raw sugar futures prices have declined. Analysts expect that Brazil's raw sugar inventory will rise, which may put pressure on the market. However, purchases from sugar refineries in the Middle East and Africa indicate a recovery in demand.

Jin10 data reported on May 2, due to the dual factors of improved supply outlook and weak demand putting pressure on the market, raw sugar futures are heading towards a weekly decline after hitting a four-year low. The most active contract in the New York market once fell by 1.1%, to 16.97 cents per pound, the lowest level since mid-July 2021. This week, sugar futures prices have fallen by about 6%, as Brazil reported a good start to its crushing season, leading to market expectations of oversupply.

Jin10 reported on April 8 that the Indonesian President stated on Tuesday that there is no need to set import quotas for goods closely related to people's livelihoods. Indonesia had previously implemented import quotas for commodities such as rice, corn, sugar, and beef.

On March 27, Huakang announced that it intends to purchase 100% of the shares of Yuxin Sugar Alcohol held by Zhang Qibin, Tan Ruiqing, Tangyin Yuxin and Tan Jingzhong through a combination of issuing shares and paying cash, with a transaction price of 1.098 billion yuan.

Jinshi data news on February 17th, Bairong Chuangyuan released its 2024 performance report, with a total operating income of 1.152 billion yuan in 2024, a rise of 32.64% year-on-year; a net profit of 249 million yuan, a rise of 29.2% year-on-year; and a basic earnings per share of 0.77 yuan. During the reporting period, the increase in demand from domestic and foreign customers led to an increase in the company's product sales; in May 2024, the company's 'annual output of 30,000 tons of soluble dietary fiber project' and 'annual output of 15,000 tons of crystalline sugar project' were put into production, and the release of production capacity drove the increase in sales and revenue.

On January 4th, Jinshi Data reported that the Food and Agriculture Organization of the United Nations (FAO) released a new report on the 3rd, showing that the average FAO food price index for 2024 is 122 points, a decrease of 2.1% compared to 2023, mainly due to the decline in grain and sugar prices. The FAO believes that the decline in the grain price index in 2024 is mainly due to the downward trend in wheat and coarse grain prices, and the decline in the sugar price index is mainly due to Brazil's record high sugar exports in 2024, as well as the optimistic outlook for sugar supply in the market. The report pointed out that driven by the prices of dairy products, meat, and vegetable oils, the FAO food price index showed a stable rise trend in most months of 2024, but overall it was still lower than the level in 2023. Among them, the FAO grain price index in 2024 decreased by 13.3% compared to 2023, and the sugar price index decreased by 13.2% compared to 2023.

On January 3, Jinshi Data reported that the Food Price Index for 2024 was 122.0, a decrease of 2.1% compared to the previous year. The main reason is the significant drop in the prices of grains and sugar, while the prices of vegetable oil, dairy products, and meat have pumped slightly, but the impact is not significant. In addition, the data released by the Food and Agriculture Organization shows that the Food Price Index for December 2024 was 127.0, a decrease of 0.5% compared to the previous month, and a pump of 6.7% compared to the previous year. The main reason is the decline in sugar prices.

This morning, the sugar market maker contract opened lower, while the egg market maker contract opened higher and continued to rise! The latest changes in order flow and volume-price distribution.

In the early morning, the market maker contract of cooking oil continued to rise, while the market maker contract of white sugar opened high and moved higher! The latest changes in order flow and volume-price distribution.