Sugar Market Price Stability In The Country Is Still New Crop Season Gap

National Development and Reform Commission, Ministry of Commerce and the Ministry

of Finance jointly issued a notice recently, in order to stabilize prices, stable market, will be the first time this year, sugar reserve auctions, the first will be held on December 10, put on the market 200,000 tons of white Granulated sugar , Then the market situation will continue to inject, the first reserve auctions the reserve price of sugar is 4,000 yuan / ton.

Investment adviser in the food industry's chief researcher Chen Chen believes that the relevant state departments shot put sugar in the short period of time will be conducive to the stability of market prices, the main result of this bid is limited Food processing Enterprises, on the current situation of Sugar City, soaring prices depress. But the new crop season has just begun, the State Reserve is not large-scale delivery of sugar, indicating that food Sugar Georgia upward trend still exists. The reason why the relevant departments

sugar reserve auctions, mainly due to inhibition of Guangxi sugar cuts the recent market expectations of spot prices of sugar caused the skyrocketing. Data, Zhengzhou sugar futures in early 2900 yuan from the year / tons of low, to May rose to 3,900 yuan / ton, then in August 4900 yuan / ton, have firm currently 5,000 yuan / ton mark, to 6,000 yuan / t initiated impact.

11 early at the national sugar, the new crop season in the Sugar Association of domestic sugar production forecast to reach 12 million tons only the level of consumption to shift more than 14 million tons, the gap more than 2 million tons. However, the recent sugar production in Guangxi 2009/2010 crop season forecast from the 7.6 million tons down to 7.3 million tons, while production forecast production areas in Yunnan are also reduced to 180 million tons, only the two main producing areas of the latest pre-production assessment early in November on sugar than the expected 12 million agreement to reduce by 50 tons.

Domestic sugar supply new crop season has been a reality, with the traditional festivals of the coming end of the year, Food & Beverage Demand on the sugar business began to flourish, as prices rise, this will result in the cost of food and beverage business there is an increase. Since the second half, with the domestic economy pick up, the sugar industry rebounded with sugar. Zhang, director of investment consultancy Yan Lin pointed out that the future trend of sugar prices, as well as the most crucial point, the State reserves the sugar content can fill the gaps in the crop season, it remains to be the test of time.

Investment adviser in the release of "2009-2012 China Food Industry Investment Analysis and Prediction of the report" shows that sugar in the domestic industry, Dairy products , Carbonated beverages , Juice Beverages and Can The proportion with sugar were about 30%, 20%, 20% and 10%. The next few years, the food industry will maintain a stable growth rate, which will further increase the demand for sugar.

Sugar Market Price Stability In The Country Is Still New Crop Season Gap

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