The profit of imported raw sugar processing within the quota was 1,901 yuan/ton, and the loss outside the quota was 313 yuan/ton in February

The average of futures price for raw sugar (2003) in New York was 15.07 US cents/pound during in February, up 0.89 US cents/pound or up 6.27% from last Month, up 2.14 US cents/pound or 16.57% from the same period of last year.
Figure 4, White Sugar Prices, Domestic vs. ICE
Data Source: NYSE, BOABC Database
 
Based on the average international futures price in February. The cost of processing raw sugar imported within the quota (15%) should be about 3,986 yuan/ton (574 USD/ton), Up 165 yuan/ton (29 USD/ton) from January. The cost of processing raw sugar imported outside the quota (85%) should be about 6,200 yuan/ton (893 USD/ton), Up 265 yuan/ton (46 USD/ton) from January. The monthly average spot price in Nanning was 5,887 yuan/ton (848 USD/ton), up 26 yuan/ton (12 USD/ton) from January. The profit from processing raw sugar imported within the quota should be close to 1,901 yuan/ton, down 139 yuan/ton over last month; the profit of processing raw sugar imported outside the quota loss about 313 yuan/ton, up 239 yuan/ton over last month