Sugar Market and Business Analysis in November

1.1 China’s Sugar Price Index rose slightly, up 1.24% from Previous Month

The wholesale price index ticked up in November, which averaged 6,202.1 yuan/ton, up 1.24% from last month, up 11.97% YoY.

1.2 1.18% Increase of White Granulated Sugar from October

 (1) White Granulated Sugar
The overall trend of spot price for sugar showed an increasing trend. The average spot price for white granulated sugar was 6,131.3 yuan/ton in October, up 9.51% from the 5,926.1 yuan/ton in September, or 9.51% higher than the 5,599.04 yuan/ton in same period last year. The spot price had been 5,970.0 yuan/ton in Nanning till October 29^st, up 40.0 yuan/ton than September. 
 

1.3 The profit of imported raw sugar processing within the quota was 2,642 yuan/ton, and the profit outside the quota was 806 yuan/ton in November

The average of futures price for raw sugar (2003) in New York was 12.69 US cents/pound during in November, up 0.30 US cents/pound or up 2.46% from last Month, down 0.11 US cents/pound or 0.83% from the same period of last year.