129762943184531250_68Sugar market peaks and shouchu in pressing policy game deadlocked run
Peak supply increasing domestic press and restricted States shouchu policy support cases, sugar City out of the weak downward pattern in the near future. Brazil new annual production is expected to put pressure on sugar, the sugar beet harvest in the northern hemisphere will lead to a glut of cases, present market adds Brazil sugar is expected to increase the pressure. Brazil domestic agricultural analyst AgrocoNsult said a few days ago, estimated to be two thousand twelve-two thousand thirteenths in the middle of the sugar in the next few weeks started Brazil's sugar production will grow in the southern region of 5.3%, from two thousand eleven-two thousand twelveths approximately 31.3 million tonnes to 33 million tonnes of sugar year. Under the influence of this international raw sugar analysts have also been adjusted to the new annual forecast international market. United Kingdom cZarnikow trading company global supply surplus sugar two thousand eleven-two thousand twelveths sugar increased from 6.1 million tonnes previously thought to 7.7 million tonnes. Market expects the international sugar organisation (ISO) will increase supply of new annual excess data.
This is a leading cause of international sugar prices remain weak in the near future, also on sugar price pressures in the future. Peak production in ChinaGoods bearing down the domestic sugar market at the moment when production was at its peak, depressed sugar prices on the spot market trends, sales areas fell slightly in price stability. Current market sales data clearly. According to the accumulated as of the end of February the national sugar production and sales at 38.64%, down 4.24%. This is also in February the shouchu 220,000 tonnes inOn the basis of the sales, this year the domestic sugar sales in the spot market is not ideal. From the analysis of spot price, Yin-domestic sugar prices fell mainly in the near future, even production and sale prices appears hung upside down. Production area due to the Group's price, plus the shouchu underpin, Guangxi local sugar spot prices slightly stronger performance, volatility is relatively stable in the near future. Guangxi Nanning brokersFluctuation of price in $ 6560-6580/ton range in the near future. Sales area
tera power leveling, central China, North China sales area last week sugar price dropped to $ 6650-6700/ton range; the North-West and North-East
tera power leveling, slightly higher prices, $ 6800-6900/ton range trade; minimum is the Southwest and southern China.
Sales area prices continued to slump, notes now heavy pressure on the spot market. CollectionStorage policy support role weakened national shouchu policy introduced in due time effectively mitigated the squeeze peak production season phase have a large supply of pressure stable on domestic sugar prices and protect the interests of farmers and sugar factory has played a vital role, in domestic stock prices shouchu policies stimulated by more obvious to pick up, and maintained a relatively stable situation. However, from the shouchuTransactions, countries supporting effect of shouchu is gradually weakened. Specifically, three times total shouchu contract 267
tera gold,800 tons, turnover respectively, followed by 163,200, 55,000 tons and 49,600 tons, is decreasing; contract price 6,785, respectively, and $ 6,750/ton, down trend. Volume shrinkageAnd the shouchu average prices fell after the performance, staged the current market situation of supply exceeding demand pressure on prices is obvious.
If there is no country supporting policies in support of shouchu, recent decreases in the domestic spot market prices for sugar may be greater. Small domestic sugar market volatile in the short term, on the whole, the international, Brazil production expected to strengthenThe short-term bad effects of global excess supply in the market, Yin-driven ICE raw sugar fell. But on a macro-, Greece debt Exchange plan a success, United States jobs data upturn or positive information to underpin the future trend of raw sugar. National level, spot sugar prices slump, the market purchase and sale of light, gradual increase in February sales data on the adverse factors such as air, about the recentCheng's sugar market pressures. Cheng's sugar price oscillations during the overall trading volume has shrunk dramatically in the near term, market strong wait-and-see atmosphere. Overall positions are also showing a decreasing trend in the near future, describes the current stage are more cautious, outflows more obvious. Because of the high overall participation in the mood of the market is expected to market in the near future or will continue to maintain a small shockCouncil.
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