白糖数据日报-20251021

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - In the short - term, consecutive typhoons around the National Day have adversely affected sugarcane harvesting and production in South China, with sugarcane in the producing areas experiencing lodging and flooding. There is a seasonal upward momentum for sugar prices due to the shortage between old and new crops after the holiday. In the medium - term, the sugarcane in the southern main producing areas has grown well this year, and the expected rebound in sugar prices will be limited after the new sugar is launched [4] Group 3: Summary of Each Related Directory Domestic Sugar Price - On October 20, 2025, the spot price per ton of sugar was 5810 yuan in Nanning Warehouse, Guangxi (unchanged), 5740 yuan in Kunming (down 20 yuan), 5600 yuan in Dali, Yunnan (down 15 yuan), and 5870 yuan in Rizhao, Shandong (down 10 yuan) [4] - SR01 was priced at 5428 yuan (up 16 yuan), SRO5 at 5389 yuan (up 12 yuan), and SR01 - 05 was 39 yuan (up 4 yuan) [4] Exchange Rates and International Sugar - Related Data - The exchange rate of RMB to USD was 7.143 (up 0.0055), the exchange rate of Real to RMB was 1.2818 (up 0.0212), and the exchange rate of Rupee to RMB was 0.084 (down 0.0004) [4] - The ice raw sugar main contract was at 15.53 (unchanged), the London white sugar main contract was at 573 (up 3), and the Brent crude oil main contract was at 61.34 (unchanged) [4]