News Summary Group 1: Market Insights - Pakistan's Deputy Prime Minister Ishaq Dar reaffirmed the government's commitment to protect consumer and supplier interests while ensuring affordability and availability of essential goods, with a decision to approve the import of 500,000 tons of sugar [1] - S&P Global reported a projected decrease of 19.3% in sugarcane crushing in Brazil's Center-South region for the first half of June, amounting to 39.87 million tons, and a 19.9% decrease in sugar production to 2.52 million tons year-on-year [1] - The Commodity Futures Trading Commission (CFTC) data indicated that speculators increased their net short positions in raw sugar by 7,496 contracts to 109,203 contracts as of the week ending June 24 [1] Group 2: Analyst Opinions - Guosen Futures noted that while the monsoon in India is strengthening, the southern region is experiencing low rainfall, which may dampen optimistic expectations for local crops. Additionally, Brazil's sugar production is expected to decline significantly compared to the previous year [2] - Green Dahan Futures observed that raw sugar prices rose again, with the market needing to monitor whether significant rainfall will occur in India. Technically, raw sugar shows signs of recovery from low levels, with a focus on the support level at 16 cents per pound [3] - Domestic sugar prices in Zhengzhou have shown a strong trend, supported by a slight rise in external markets and the exit of short positions. The upcoming summer season is expected to improve sugar consumption [3]