Group 1: Industry Overview - The Indian Sugar and Bioenergy Manufacturers Association (ISMA) predicts that sugar consumption in India may decline to approximately 28 million tons in the 2024-25 fiscal year [1] - As of mid-May, India's sugar production reached 25.744 million tons, with 533 sugar mills having completed their crushing operations [1] - In the third week of May 2025, Brazil exported a total of 919,200 tons of white sugar, a significant decrease from 2.8076 million tons in the same period last year, with an average daily shipment of 83,600 tons, down 37.5% year-on-year [1] Group 2: Market Insights - According to Everbright Futures, raw sugar prices have weakened slightly due to smooth harvesting progress, with a bearish outlook unless macroeconomic factors provide support [2] - Guotou Anxin Futures notes that favorable weather conditions in Brazil in May are expected to boost sugarcane and sugar production, while domestic sugar and syrup imports have significantly decreased, leading to a quicker sales pace and lighter inventory pressure [3] - The recent increase in rainfall in Guangxi has alleviated the water shortage for sugarcane, suggesting that drought conditions will not significantly impact sugarcane growth [3]
库存压力来自于未来进口 预计糖价维持震荡
Jin Tou Wang·2025-05-21 05:55