白糖数据日报-20251010

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - Typhoons around the National Day have negatively affected sugarcane harvesting and production in South China, causing lodging and waterlogging of sugarcane in the producing areas. There is seasonal upward momentum in sugar prices due to the short - term gap between old and new crops after the festival. In the medium term, the rain - heat conditions in the southern main producing areas are suitable this year, and the sugarcane growth is very good. After the new sugar is listed, the rebound space is expected to be limited [3][4]. 3. Summary by Relevant Content Sugar Price Data - On October 9, 2025, the spot price of sugar in Nanning Warehouse, Guangxi was 5870 yuan/ton, down 20 yuan; in Kunming, Yunnan it was 5820 yuan/ton, up 10 yuan; in Dali, Yunnan it was 5740 yuan/ton, up 65 yuan; in Rizhao, Shandong it was 5930 yuan/ton, up 30 yuan. The price of SR01 was 5528 yuan, up 35 yuan; the price of SR05 was 5492 yuan, up 34 yuan. The price difference between SR09 - 01 was 36 yuan, up 1 yuan [4]. Exchange Rate and International Commodity Data - The exchange rate of RMB against the US dollar was 7.1516, up 0.0109; the exchange rate of the real against the RMB was 1.2818, up 0.0212; the exchange rate of the rupee against the RMB was 0.084, down 0.0004. The ice raw sugar main contract was 16.32, down 0.28; the London white sugar main contract was 573, up 3; the Brent crude oil main contract was 66.08, down 0.07 [4].