The profit of imported raw sugar processing within the quota was 1,912 yuan/ton, and the profit outside the quota was 982 yuan/ton in August

By CnAgri 2020-09-10 11:13:28 Print Tel:861064402118-822 Email: [email protected]

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Raw sugar futures prices in New York keeps stable in August. The average of futures price for raw sugar (2010) in New York was 12.81 US cents/pound during in August, up 0.94 US cents/pound or up 7.89% from last Month, up 1.26 US cents/pound or 10.89% from the same period of last year.
Based on the average international futures price in July. The cost of processing raw sugar imported within the quota (15%) should be about 3,406 yuan/ton (496 USD/ton), Up 165 yuan/ton (up 32 USD/ton) from July. The cost of processing raw sugar imported outside the quota (50%) should be about 4,336 yuan/ton (631 USD/ton), Up 215 yuan/ton (up 42 USD/ton) from July. The monthly average spot price in Nanning was 5,318 yuan/ton (774 USD/ton), down 59 yuan/ton (up 5 USD/ton) from July. The profit from processing raw sugar imported within the quota should be close to 1,912 yuan/ton, down 224 yuan/ton over last month; the profit of processing raw sugar 
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