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AS THE PEAK SEASON ARRIVES, SUGAR PRICE IS EASY TO INCREASE BUT HARD TO REDUCE

Time: 2013-09-11    Writer: choice_lantos
Currently, the situation of sugar spot transaction has improved and price is sustaining. It occurs to have orders increased, transaction increased and price risen. Price will increase continuously predictably. According to the newest statistic, Guangxi has sold 4.928 million tons of white sugar up to June, 30th. It is 389 thousand tons lower than last year. Thereinto, sales in June is 747 thousand tons which is 16 thousand tons more than last year. There are two successive month sales higher than last year. With the arrival of peak sales season, demand of domestic sugar upgrades so price is easy to increase but hard to reduce.
rise in sugar price is not only in domestic market but also the international market. Moreover, the import cost of sugar including tax is over our domestic sugar spot price.
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