Group 1 - Domestic sugar prices experienced a slight decline, with Guangxi Liuzhou's first-grade white sugar price at 6000 CNY/ton, down 30 CNY/ton week-on-week, and Yunnan Kunming's first-grade white sugar price at 5825 CNY/ton, also down 30 CNY/ton [1] - As of September 1, 2023, the futures market saw the main white sugar contract closing at 5609.00 CNY/ton, with a daily increase of 0.16%, reaching a high of 5612.00 CNY/ton and a low of 5589.00 CNY/ton, with a trading volume of 140,109 lots [1] - The cost of imported sugar from Brazil is significantly lower than domestic prices, with quota-in sugar at 4552 CNY/ton (15% tariff) being 1448 CNY/ton cheaper than Guangxi sugar, and quota-out sugar at 5786 CNY/ton (50% tariff) being 214 CNY/ton cheaper [2] Group 2 - The Brazilian sugar industry reported an increase in sugarcane crushing volume to 4,763 million tons in the first half of August, up 8.17% year-on-year, and sugar production increased to 361.5 million tons, up 15.96% year-on-year [2] - Current domestic supply remains relatively ample, with weak delivery willingness for the September contract affecting the January contract's performance, leading to a downward trend in spot prices [3]