印度开榨顺利，糖价下行

Group 1 - As of December 15, India has 479 sugar mills operating for the 2025/26 crushing season, an increase of 6 mills year-on-year [1] - Sugar production in India reached 7.79 million tons, a year-on-year increase of 1.72 million tons, representing a growth rate of 28.34% [1] - In Brazil, the amount of sugar waiting to be shipped at ports was 1.5131 million tons, a decrease of 17.14% from the previous week [1] Group 2 - The ICE raw sugar March contract fell by 17 points, closing at 14.93 cents per pound, while the London white sugar March contract dropped by $3.1, closing at $426.2 per ton [2] - The market is shifting focus to the sugar production situation in the Northern Hemisphere, with India's sugar production exceeding market expectations, leading to a decline in domestic prices [2] - The Zhengzhou sugar May contract fell by 50 yuan per ton, closing at 5,157 yuan per ton, reflecting low market activity and a lack of willingness to purchase at current prices [2]