Wholesale price of sugar rose a sudden not buy into the market – sugar, sugar –
As the international sugar market there is a big supply gap, the International Sugar The recent substantial increase, and nearly 30 years since the high point, while sugar wholesaler sales because of damage to sugar prices. Sugar prices but not yet delivered to the retail market in Chengdu, the supermarket retail price of sugar remained at previous prices.
Sugar stock prices go over into
"Sugar prices are not such a long time after a move." Southwest Food Liu Lizhi, said the city sugar wholesaler, 4 days ago, the upper reaches wholesalers will wholesale price per 100 kg of bulk sugar from 198 yuan raised to 220 yuan, or up to 11%. City Huafeng some of the wholesale and food retailers to increase the sugar followed by the retail price of: "A few days ago of sugar sold 2.2 yuan / kg, and is now 2.5 yuan / kg." In addition, Crystal sugar Follow the white sugar price synchronization Prices . Wholesalers said 50 kilograms of crystal sugar prices rose 125 yuan from 110 yuan, or has reached 14%. However, the wholesale price of sugar rose
are not recognized by most consumers. "This two-day sales or miserable, and some long-term buy sugar at my customers, I heard that said prices see next market decide." Liao determined shaking his head. Although the wholesale price of sugar rose in August after a sudden into, but not yet delivered to the retail market. Reporter at several supermarkets understand that the supermarket retail price of sugar has not changed. "Sugar prices after a long time nothing happened." Red Star Road mutual supermarket staff said.
Is cut sugar prices promoter Sugar prices driven by the rise in domestic and international futures market, futures prices to promote the cause, but also from domestic sugar shortage concerns.
Chengdu cause Cushing, senior analyst at futures introduction, the international raw sugar prices rose also boosted the confidence of long sugar futures market. Day before yesterday, Zhengzhou Commodity Exchange white sugar futures contracts to 4,951 yuan main 1005 / tons of high open intraday high on the probe to 5044 yuan / ton. This is the May 2006 has been the main force of white sugar futures contract price broke through the 5,000 yuan / ton. "The market supply and demand balance has been destroyed, supply constraints boost domestic sugar prices higher. On the other hand, in the past three years, profits thin as sugar cane, sugar cane, many growers out of the market, resulting in sugar yield decline." Cushing said, the domestic the three major sugar producing areas in Guangxi, Yunnan, Guangdong, there are signs cut sugar cane.
Publicly available data, as of the end 7, the domestic sugar 2008/2009 year period in a total reduction of 16.2% sugar. And overseas markets, sugar in Brazil and India as major powers facing bad weather cut sugar cane, the international sugar prices skyrocketing. ISO International Sugar Organization predicted 2009/2010 crop season, the world's sugar supply and demand gap will be 500 million tons.
Cushing predicted domestic sugar futures will be washed up to 6,000 yuan / ton.
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