According to Voice of economic reports, in order to balance the market supply and stabilize sugar prices, the National Development and Reform Commission, Ministry of Commerce, Ministry of Finance and other three ministries will be next Monday (28) for the first time open the delivery of sugar reserves during the year. Just yesterday, the Sugar Association also reduced the crop yield is expected to 100 million tons of white sugar, white sugar supply situation is not optimistic.
after the Spring Festival at a high level of sugar prices have been running. Yesterday, the spot prices of sugar around 7,000 yuan / ton, a number of areas is as high as 7,500 yuan / ton. Futures market, too, sugar futures exchange in Zhengzhou yesterday morning to close at 7,276 yuan / ton, compared with the previous day settlement price rose 34 yuan / ton. To ease the supply tightness in the market situation, the National Development and Reform Commission, Ministry of Commerce, the Ministry of Finance will be Monday the three departments (28) put on the fourth installment of the crop of sugar reserves, a total of 15 tons. This is the first year running.
Food and Agriculture
Cinda Securities analyst Kang Jingdong that to the experience of the past, due to the small number of reserves, limited impact on the market:
Kangjing Dong: I think the country itself, the amount of reserves will not be more specific. It was from this situation a few years, this run has little effect. I think market players are now more is that many intermediate links, circulation, production, the non-hoarding, including some industrial enterprises.
However, CSC
agricultural analyst Huang Fu-sheng gives a different view, because the new sugar, just come up, this time on the market short-term results are obvious:
Huang Fu-Sheng: It should be the role, because sugar is just up the new state in the selling, the market should have a role in stabilizing it, but in the long run supply and demand gap is still obvious, must rely on imports.
Yesterday, the China Sugar Association
commercial distribution member forum, China Sugar Association had reduced production of about 12 million tons of sugar this crop estimates. By Guangxi, Yunnan and part of the main producing areas decline stopped pressing the impact of expected national production of this crop will be 11 million tons. Which is expected to reduce the production of Guangxi 60 million tons. Director of Agriculture Department of Guangxi sugar industry Zhong Jian expressed his concern that the market will bring some negative expected impact:
Zhong Jian: China's sugar has been cut for three consecutive years, the market or 200 million tons more than the gap it, Guangxi by 50 million tons, by 50 million tons, sugar prices are relatively high, especially when the impact on the market or relatively large.
He also said that not only is the crop season, the current is pulling seedlings of sugarcane, the Guangxi and Yunnan in the cold weather may affect the next crop production:
Zhong Jian: Guangxi Sugarcane can be planted all year round, but the bulk of the spring if it is a species, from two to more than 95% in April. Low temperature before the Spring Festival, Chinese New Year after the eighth day after the temperature is low, and there is no sunlight, it is still affected to some degree.
calculated according to the International Sugar Organization's standards, a country should be a reasonable amount of sugar reserves in the country three months of consumption, China's 1.4 billion population, per capita consumption of 10 kg / year, the size of reserves should be at 3.5 million tons above. This year our nation's reserves are not to 200 million tons, in the long run, sugar supply situation is not optimistic. (Xinhua Huang Yaowei)
No comments:
Post a Comment