Postganglionic Volatile Sugar Prices Continue Rising Sharply Before The Holiday - Sugar, Sugar -

Report Highlights: 1, Guangxi, and the spot market Electronic Continuation of soaring

wholesale market rally before the holiday, the electronic part of the contract price or wholesale market meet or exceed the 2006 high point.

2, sugarcane source enough sugar juice received in advance, the market for a further cut production will become increasingly serious concern.

3, during the Spring Festival, NYBOT original Sugar Cell by pressure deep appreciation of the dollar fell, NYBOT5 four-day total of the contract month fell 0.53 cents / lb.

4, the International Sugar Organization (ISO) to 09-10 sugar from the global supply shortfall increased to 9.4 million tons 7.2 million tons (raw value), which is following a 08-09 Sugar 1,170 million years, there tons after the second supply gap for the year is less than demand.

5, the production decline, consumer confidence picked up, driven by consumer stimulus will promote the demand for sugar in 2010, early 5990 high explosive.

A market review During the Spring Festival, NYBOT raw sugar price pressure by the deep appreciation of the dollar fell, NYBOT5 four-day total of the contract month fell 0.53 cents / lb. Although last Thursday to increase the ISO International Sugar Organization supply gap in 2010, rebounded slightly Friday only. And foreign contrast, Guangxi and electronic wholesale spot market rose sharply extend gains before the holiday, the electronic part of the contract price or the wholesale market meet or exceed the 2006 high point.

Second, the market dynamics (A) domestic market Production from this crop season schedule, the south addition to the four major producing areas of Yunnan, the Guangxi, Guangdong, Hainan has received squeezed sugar, of which eight sugar mills have been closing pressing Hainan, Guangxi has three sugar mills income squeeze, squeeze, Guangdong has a sugar factory revenue. February 18, the town of great power source Meng Co., Ltd. opened smoothly squeezed, sugar enterprises in Yunnan Province have been scheduled to start production this crop season, the province a total of 75 sugar mills, 76 Production Line Power production, the production scale of 159,500 tons, compared with the previous crop season, the boot assembly lines 3, the production scale to reduce 02,500 tons.

Sugarcane growing areas of insufficient sources is a common problem faced is the main reason for pressing sugar received in advance. Sugar gradually pressed ahead with the closing, the market yield for a further cut of the fear of more and more serious.

Weather, the weather, the Yunnan drought lasted from preganglionic to postganglionic, the next 10 days, still no significant rain in most parts of the province, the drought will further increase. Such a severe drought in a long time later the output of Yunnan will face further cuts are likely.

Spot, the spot market during the Spring Festival priceless no city, 18 began to start a business Sell . 21, producing the spot greatly increased cash offer of Yunnan 5400 yuan / ton, Guangxi brokers offer in 5450-5480 yuan / ton between the quotes have gone up the sales areas, greatly increased, as prices rose too fast and some businesses are still In the holiday, volume was light.

(B) international market International Sugar Organization (ISO) 2 18 said today, as Brazil, Thailand and other major sugar-producing countries lower than expected sugar production is estimated that 09-10 sugar year (October -9 months) the global sugar market the shortage of supply, or from last November's 7.2 million tons is expected to expand to 9.4 million tons (raw value), which is there 1,170 years following the 08-09 million tons of sugar supply gap for less than a second after the requirements of the Year.

United States: According to the U.S. Department of Agriculture

by: gaga

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