May sales report positive domestic sugar consumption is gradually warmed sugar –
Yesterday Guangxi, Yunnan, Guangdong have announced a May report of sugar production and sales, as of the end of May, the three major sugar producing areas, total 10.9219 million tons, up cut more than 200 million tons, production and marketing rate of 64.69 percent, an increase of 6.33%, data shows Domestic sugar consumption is getting warmer. By this positive impact, Zheng sugar changed the role of contrarian indicator Monday, the major 1001 contract opened to 4,190 yuan to 4,239 yuan will significantly ratchet up, but still insufficient confidence in the market, this latter price down and eventually closed up 0.45% to 4,211 yuan .
Worth looking forward to spending the summer
Guangxi Sugar Association yesterday released data show that as of May 31, the autonomous region of Guangxi sugar cane juice total 61.2 million tons, 7.63 million tons of sugar production, mixing rate of 12.46 percent sugar; sold 4.959 million tons of sugar, production and marketing rate 65.02%. Guangdong at the end of May, the Communist sugar 1,059,000 tons, 903,300 tons of sugar sold in the province's sales rate was 85.3%. In addition, the Yunnan Sell The situation is better, except in January selling only 130,000 tons, the other months are within the 230,000 tons of sugar sold for more than a single month sales in May reached 230,100 tons, the average monthly sales volume reached 240,000 tons, a record of Yunnan sugar industry the best record in history.
Data released three producing areas, not only shows the cumulative cuts over two million tons of good, more important is to let the market see sales of sugar increased steadily. This illustrates that the economic downturn, there is a certain rigidity or white sugar demand, with a wide range of post-marked by rain, the consumption of sugar in June will be coming season.
In addition, the three major producing areas in addition to increased sales of sugar, the lower sugar Food Production compared to last year there were some degree of recovery. This year's January ~ April, major domestic sugar food biscuits, carbonated Beverages , Cake, candy and other sugar consumption and food production over the same period last year mainly maintained growth, which, candy, frozen main food, Juice And other food products also increased by 10%. Albert the Great Wall, Chen Shuqiang
analysts said sugar food industry continued to show steady growth, the terminal company continued replenishment, sugary food consumption is also no doubt pick up, so sugar consumption should be looking forward to summer. In addition, according to the present growth rate of consumption of sugary foods, consumption of the crop season can be more than 300 000 ~ 500 thousand tons of sugar, this means sales of 13.3 million tons this crop season is very likely more than sugar.
Acreage under the crop season, or will reduce
Current consumption is the world sugar market, in addition to the topic of most concern, another positive is a potential area of the 2009/2010 crop season's planting. Force and the reserves last week, organized the meeting, referred to the 2009/2010 crop season sugarcane acreage reductions of more than 10%. This indicated that a special variety of white sugar, periodic re-cut rules or show. Feng Kai
Southwest Futures analyst, said the main reason leading to sugar periodically cut, one is a sugar plant with the periodic law, and the second is the cyclical recurrence of natural catastrophes led to a strong cyclical sugar production.
Historical data, in the 2005/2006 crop season sugar 8.815 million tons, 11.994 million tons of sugar produced the 2006/2007 crop season, while the 2007/2008 crop season sugar yield was 14.8402 million tons peak. Therefore, 2009 will be a seasonal cut of the second year 2009/2010 crop season is very likely facing a seasonal cut. Prices of sugar remained steady
Data from yesterday's position of view, long side except the second hand Pearl 1808 futures increased more than one, the others have continued to lighten up long, of which ranked first in more than one 535 Wanda futures holdings hand, hand positions for the 14,554 .
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