Sugar Fundamentals Support The Price Of Sugar Rise Further
Present, China’s sugar (information market) consumption, industrial use of sugar, about 2 / 3, Civil sugar consumption accounted for about 1 / 3. In recent years, rapid industrial growth rate of sugar, while the civilian sugar relatively stable consumption growth. Therefore, the sugar consumption of the most important variable is the industrial use of sugar. Industrial use of sugar in Dairy products , Carbonated beverages , Juice Canned drinks and sugar accounted for 32% proportion, respectively, 22%, 21% and 10%, the four total more than 80% of industrial use of sugar, accounting for 50% of total consumption of sugar.
By Financial Crisis, China’s food industry in the first half of the end of 2008 to 2009 there have been sluggish, particularly dairy industry, in the ” Melamine “Event of strikes, a sharp decline in production and sales. But from March has been warming by the macroeconomic impact of food industry output rose steadily emerged in the situation, and the recent trend of accelerated growth of the chain. In the first half , the food industry Sell Output value of 402.38 billion yuan, up 15%, beverage sales output value of 339.28 billion yuan weaving industry, up 17.8%, respectively, higher than the national growth rate of industrial sales output value of 13.7 and 16.5 percentage points.
Specifically to look at the output of sugar products, in June, dairy products, carbonated drinks, juice drinks and canned the ring increasing 3.35%, respectively, 32.3%, 23.55% and 27.28%. The 1-6 aggregate monthly growth rate over the previous year turnaround, dairy products and carbonated drinks up a smaller decrease in carbonated beverages and canned food were up year on year increase of 5.52% and 10.88%. Downstream demand for sugar products and the growth of consumption as the economy maintained the momentum of the chain growth from the demand side to ensure 34-quarter Sugar The firm.
Beginning of this crop season significantly below last year’s sales of sugar, which is due to postponement of the crop season caused crop season squeezed into early (in October last year – in January this year) production and sales substantially lower than last year; the other hand, there are sugar decline in demand caused by the macroeconomic impact. However, 2 to 5 , monthly sales of sugar has begun to experience positive growth, though in June there sugar sales down -13.5% of the year, but the drinks in the summer season with sugar, sugar consumption is difficult to sharp decline in the estimated 7 sugar sales volume month and in June is likely to flat, up 1.15 million tons or so, then as of July’s total sales volume will reach 11.48 million tons of sugar, sugar sales rate of 82.7%. This will give sugar supply-side support. This stage, watching from the fundamentals of goods, sugar supply and demand of agricultural products (000,061, stock it) the most optimistic, therefore, extended this idea, the South sugar, your sugar, Tuen Mun River are sought after for the market, the fundamentals of information will provide continuous catalytic rising sugar prices.
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