Group 1 - The article discusses the launch of a series of consumer promotion activities called "Civilization Market" in Guangzhou, aimed at boosting local consumption and showcasing regional products [3][6][7] - The event features various cultural and agricultural products, including traditional performances and local specialties, attracting a large number of visitors [5][6][12] - The initiative is part of a broader strategy to enhance economic development and cultural exchange in the region, aligning with the goals of the "14th Five-Year Plan" [10][12] Group 2 - The article highlights the successful economic performance of Shaoguan during the "14th Five-Year Plan" period, with an increase in economic output from 150 billion to 160 billion yuan [12] - Shaoguan has achieved a forest coverage rate of 74.59%, contributing to environmental sustainability while promoting economic growth [13] - The article emphasizes the importance of integrating cultural heritage and local products into the economic framework to drive tourism and consumption [5][10][12] Group 3 - The article mentions the establishment of 161 ancient tree parks and green beautiful ancient tree villages in Guangdong, showcasing the province's commitment to ecological construction [26][27] - Over 85,000 ancient trees have been effectively protected in Guangdong, highlighting the province's efforts in environmental conservation [28][29] - The promotion of local agricultural products through events like the "Cultural Festival" and "Supply and Marketing Fair" aims to enhance the visibility and sales of regional specialties [31][32][36]

Core Viewpoint - The series of activities titled "Civilization Market to Promote Consumption" aims to boost consumer spending and enhance local economic vitality in Guangdong through cultural and tourism integration [1][2] Group 1: Event Overview - The event launched on December 19 in Guangzhou's Beijing Road, featuring over 10 unique activities and more than 8 types of consumption scenarios [1] - The activities will run until December 28, promoting local agricultural, cultural, and tourism products from various counties [2] Group 2: Objectives and Goals - The core objective of the series is to stimulate consumption and expand domestic demand, aligning with provincial strategies for economic recovery [2] - The event is part of the "Yue Enjoy Warm Winter and Happy Travel in Guangdong" consumption season, aiming to provide a new consumer experience and showcase the integration of agriculture, culture, and tourism [2] Group 3: Participation and Engagement - The event features a hundred-meter flower industry exhibition area and a comprehensive civilization market exhibition area, with nearly a hundred enterprises participating [2] - The initiative is designed to attract citizens and tourists, enhancing the local economy by showcasing high-quality products from across Guangdong [2]

Core Viewpoint - Tangshan City is enhancing its agricultural product branding through the implementation of the "Double Ten Double Hundred" project and the "Three Products and One Standard" initiative, aiming to transform local specialties into recognized brands and improve agricultural competitiveness [1][2]. Group 1: Brand Development - The city has established a multi-tier brand system with "Tangnong" as the main brand, covering various sub-brands in grains, livestock, aquatic products, vegetables, and fruits [1]. - As of now, Tangshan has registered 9 national specialty agricultural products and 8 characteristic agricultural products, along with 10 famous agricultural trademarks and 44 geographical indication trademarks [1]. - The brand value enhancement is driven by a combination of standards, characteristics, marketing, technology, and integration, facilitating the transformation of local products from "specialty" to "golden business cards" [1]. Group 2: Quality and Safety - The city is focusing on standardizing production for local products like Yutian soft-shelled turtle and Baigezhuang rice, with plans to expand these standards to more specialty agricultural products [2]. - Tangshan has developed a "Smart Agricultural Safety" management platform to ensure quality and safety throughout the agricultural supply chain, promoting a grid-based regulatory model [2]. - The city aims to encourage more agricultural enterprises to pursue green food and organic product certifications through policy support and market promotion [2]. Group 3: Industry Integration - Tangshan is promoting deep processing and value expansion in agriculture, exemplified by the development of processed products from the local chestnut, such as chestnut mooncakes and chestnut wine [3]. - The integration of agriculture with cultural tourism is emphasized, with local products being featured in tourist routes to enhance sales and promote rural revitalization [3]. - The city is also focusing on a "clean vegetable" supply chain to enhance agricultural supply-side reforms, with plans to deliver a significant portion of the province's clean vegetables to Beijing [3]. Group 4: Marketing and Promotion - Tangshan is utilizing innovative marketing strategies, including AI virtual digital personas and live-streaming sales, to enhance the influence of its agricultural brands [4]. - The city is actively participating in national product exhibitions and has established sales channels in Beijing through partnerships and community outreach [4]. - Future efforts will focus on deepening the cultural narratives behind agricultural products to increase brand value and consumer connection [4].

Group 1 - Guangdong has launched a series of consumer promotion activities called "Civilization Market," aimed at enhancing local products, cultural tourism, and traditional crafts from December 19 to 28 [2][3] - The event features over 10 unique activities and more than 8 types of consumer scenarios, integrating cultural benefits, tourism promotion, and consumption stimulation [2] - A hundred-meter flower industry exhibition area and a comprehensive exhibition area for the civilization market have been set up, showcasing high-quality agricultural and cultural products from nearly 100 enterprises across 33 counties [2] Group 2 - The series includes a special exhibition area for Lingnan traditional Chinese medicine and Guangdong tea culture, with local herbal and tea companies participating in group displays and sales [3] - A "mobile civilization market" has been established near Tianzi Wharf, allowing tourists to experience and purchase products on board the Pearl River night cruise [3] - The event has already generated over 10,000 yuan in sales, indicating strong consumer interest and engagement [4] Group 3 - The "Hundred-Thousand-Million Project" is highlighted as a significant achievement during the event, showcasing various initiatives aimed at rural revitalization and consumer support [6][7] - The event also features a collaboration with 24 vocational schools in Guangdong to promote skills and consumption through hands-on experiences and culinary offerings [7] - Cultural performances, including traditional dances and shadow plays, are organized to attract visitors and encourage them to explore rural Guangdong [8]

Core Viewpoint - The event is a cultural market series aimed at promoting consumption and showcasing Guangdong's local products, running from December 19 to December 28, featuring various traditional and innovative activities [2][3]. Group 1: Event Overview - The cultural market is designed as a "main event plus multiple sub-events" format, integrating traditional heritage, urban quality products, craftsmanship, and cultural tourism promotion [2]. - The main event is located on Beijing Road, featuring over 10 unique activities and more than 8 types of consumption scenarios, spanning from Tianzi Wharf to Zhongshan Fifth Road [3]. Group 2: Product Showcase - The event includes a 100-meter flower industry exhibition area and a comprehensive exhibition area, showcasing high-quality agricultural and cultural products from 33 counties, cities, and districts in Guangdong [3]. - Various local products such as Newhui Chenpi, Huazhou Orange Red, and Yingde Black Tea are presented, with interactive experiences like tea ceremonies to engage visitors [3]. Group 3: Economic Impact - The event aims to activate year-end economic consumption potential, with early reports indicating over 10,000 yuan in sales on the first day [5]. - The initiative is part of the "Hundred Million Thousand Project," which connects cultural practices with economic development, showcasing innovative growth within Guangdong's cultural heritage [5]. Group 4: Cultural Integration - The series incorporates traditional Lingnan culture into modern urban life, promoting local customs through performances like Chaoshan Yingge dance and Lufeng shadow puppetry [5]. - The event also features a Guangdong cultural and tourism exhibition area, allowing visitors to purchase creative cultural products and experience the rich history of the region [6]. Group 5: Future Prospects - The series aims to create a new model for integrating culture and consumption, enhancing the consumer experience and showcasing the achievements of the "Hundred Million Thousand Project" [6].

Group 1 - The total import and export value of Xi'an reached 442.36 billion yuan in the first 11 months, with a year-on-year growth of 17.5%, surpassing the national growth rate of 13.9% [1] - Exports amounted to 307.69 billion yuan, increasing by 21.3%, while imports were 134.68 billion yuan, up by 9.6%, resulting in a trade surplus of 173.01 billion yuan [1] - In November alone, the import and export value was 47.82 billion yuan, with exports at 33.04 billion yuan and imports at 14.78 billion yuan, reflecting a year-on-year growth of 30.9% [1] Group 2 - Xi'an's trade with South Korea reached 73.18 billion yuan, making it the largest trading partner, followed by ASEAN at 70.3 billion yuan, and the EU at 56.71 billion yuan, which saw a significant growth of 48.2% [2] - The total import and export value with countries along the "Belt and Road" was 236.49 billion yuan, accounting for 53.5% of Xi'an's total trade, with a year-on-year growth of 7.1% [2] - Foreign-invested enterprises contributed significantly to the trade, with a total of 271.43 billion yuan, growing by 23%, while private enterprises had 147.18 billion yuan, up by 6.5% [2] Group 3 - The export scale of Xi'an continues to expand, with electromechanical products accounting for 88.7% of total exports, valued at 273 billion yuan, growing by 20.5% [3] - Integrated circuits exports reached 127.58 billion yuan, increasing by 23.7%, while automotive exports were 45.82 billion yuan, up by 22.4% [3] - Steel exports saw a remarkable growth of 330.4%, totaling 4.34 billion yuan, indicating a strong demand in this sector [3]

Core Insights - The article highlights the success of Tan Li, who has leveraged social media to promote local agricultural products, significantly increasing her family's income and contributing to the local economy [3][4][5]. Group 1: Business Growth - Tan Li's account gained over 100,000 followers this year and established partnerships with more than 20 businesses [3]. - The family-run agritourism business is projected to generate over 300,000 yuan in revenue this year [3]. - The village has transformed an unused school building into a factory to meet the demand for Huangshui rice cakes, with a cumulative output value exceeding 16 million yuan [5]. Group 2: Community Impact - The village has launched over 50 agricultural live-streaming events across more than 10 villages, generating nearly 1 million yuan in sales [5]. - The "Qianxiang Sisters" account has surpassed 1 million followers and received over 15 million likes, showcasing the potential of rural products to reach a national audience [5]. - The county has implemented the "Ten Hundred Thousand" e-commerce project, resulting in the establishment of three provincial-level e-commerce demonstration enterprises and one provincial-level live-streaming demonstration team [6]. Group 3: Economic Development - The county achieved over 60 million yuan in online retail sales in the first three quarters of the year [6]. - The "Village Has Good Goods: Helping Farmers Across a Hundred Villages" initiative has facilitated the promotion of local products like Shiqian tea and Huangshui rice cakes [6].

Core Viewpoint - The event "Sweet Suixi" showcased 24 brands from Suixi County in Guangzhou, aiming to connect local agricultural products with urban consumers, enhancing market access and brand recognition [2][10][76]. Group 1: Event Overview - The "Sweet Suixi" event took place on December 19 in Guangzhou's Beijing Road pedestrian street, featuring a vibrant atmosphere with significant foot traffic [2][3]. - The event was organized by various governmental bodies, including the provincial and municipal propaganda departments, and aimed to create a comprehensive platform for brand promotion, product sales, cultural exhibitions, and consumer experiences [10][16][17]. Group 2: Brand Promotion and Product Launch - The event marked the first collective launch of the "Sweet Suixi" regional public brands, including six key products such as "Wutang Lychee" and "Jietou Saint Fruit" [31][34]. - A total of 18 specific product brands were authorized, forming a system where public brands support enterprise brands, indicating a shift from traditional local specialties to recognized commercial products [38][39]. Group 3: Consumer Engagement and Experience - The event featured immersive experiences designed to engage consumers through sensory marketing, allowing them to taste, see, and purchase products in a themed environment [63][64]. - The setup included a product experience area that attracted attention, with consumers expressing satisfaction and making immediate purchases, demonstrating effective conversion of experience into sales [68][71]. Group 4: Economic Impact and Future Prospects - The event served as a bridge between rural and urban economies, facilitating the flow of talent, capital, and information, and showcasing the potential of county economies to confidently enter urban markets [75][76]. - The initiative aligns with the "Hundred Million Project," which aims to enhance the connection between county resources and urban markets, marking a significant step in regional economic development [13][14][77].

Core Viewpoint - The U.S. Trade Representative, Jamison Greer, criticized the actions of key partners, the EU and India, indicating that contentious trade negotiations are likely to continue into next year [2][6]. Group 1: EU Trade Relations - Greer expressed strong concerns regarding the EU's regulatory measures against U.S. tech companies, suggesting these measures are discriminatory [2][6]. - He highlighted non-tariff barriers excluding U.S. agricultural products and various regulatory measures limiting industrial exports as significant challenges in EU negotiations [2][6]. - Greer's office threatened retaliation against the EU for taxing U.S. tech companies, naming potential targets such as Accenture, Siemens, and Spotify Technology SA [2][6]. Group 2: India Trade Relations - The trade negotiations with India, initiated earlier this year, have yet to yield an agreement, despite ongoing discussions [2][6]. - Recent communications between U.S. President Trump and Indian Prime Minister Modi indicate efforts to bridge differences and reshape bilateral relations [3][7]. - This marks the fourth conversation between the leaders since Trump imposed a 50% tariff on Indian goods in August, reflecting limited progress in achieving a trade agreement [3][7]. Group 3: Digital Regulation Concerns - The focus of contention lies in the EU's push for regulations on U.S. tech giants, including Google, Meta Platforms, and Amazon, with critics arguing that these regulations hinder technological innovation and have unfair funding intentions [3][7]. - Greer pointed out that despite the EU's claims of income thresholds in their new regulatory framework, it appears that only U.S. companies are affected [3][7]. - The EU defended its actions, asserting its commitment to "defend its tech sovereignty" [3][7].

1. Report Industry and Date - The report focuses on the agricultural products industry, dated December 19, 2025 [1] 2. Researcher Information - The researchers include Yulan Lan, Zhenlei Lin, Haifeng Wang, Chenliang Hong, and Youran Liu, with their respective contact information and futures qualification numbers provided [3][4] 3. Fats and Oils 3.1 Market Review and Operation Suggestions - This week, the three major fats and oils fell significantly, with rapeseed oil having the largest decline. The 2025/26 global rapeseed supply - demand situation is characterized by record - high production, shrinking trade, and rising inventories. USDA raised the 2025/26 global rapeseed production by 3 million tons to 95.27 million tons, an 11% increase from the previous year. Due to China's policies, Canadian rapeseed exports have plummeted, and domestic rapeseed oil has a strong basis in the long - term but a bearish fundamental outlook [8]. - Palm oil production in the producing areas has been good this year. In the first quarter of 2026, production will slow down, and it faces de - stocking pressure. High - frequency data shows a 15.9% - 16.4% decline in Malaysia's palm oil exports in the first half of December. Higher - than - expected palm oil inventories will suppress prices [9]. - Soybean oil futures are also falling, mainly depending on the cost of imported soybeans. With rising US inventories and expected high yields in Brazil, CBOT soybean prices will be under pressure. The current high volume of imported soybeans in China restricts the upside space of soybean oil [9]. - The fats and oils market is expected to continue to bottom out. Wait for the bottom pattern to appear before deploying long positions, and be cautious about the rebound amplitude [10]. 3.2 Core Points 3.2.1 Domestic Spot Changes - As of December 19, 2025, the price of Grade 1 soybean oil in East China was 8,240 yuan/ton, down 360 yuan weekly, and the basis fell 60 yuan; Grade 3 rapeseed oil in East China was 9,350 yuan/ton, down 700 yuan weekly, and the basis fell 100 yuan; 24 - degree palm oil in South China was 8,250 yuan/ton, down 330 yuan weekly, and the basis remained unchanged [11]. 3.2.2 Domestic Inventories of the Three Major Fats and Oils - As of the end of the 50th week of 2025, the total inventory of the three major edible oils in China was 2.3113 million tons, a weekly decrease of 118,100 tons, a 4.86% month - on - month decrease, and an 8.45% year - on - year increase. Among them, soybean oil inventory was 1.3432 million tons, down 58,400 tons weekly; edible palm oil inventory was 584,200 tons, down 38,000 tons weekly; rapeseed oil inventory was 383,900 tons, down 21,700 tons weekly [19]. 3.2.3 Domestic Supply of Fats, Oils, and Oilseeds - As of the end of the 50th week, the soybean crushing rate of major domestic soybean oil mills increased slightly from last week, with an average crushing rate of 58.32%. The total soybean crushing volume this week was 2.155 million tons. As of the end of December, the cumulative soybean crushing volume was 3.995 million tons [21]. - The inventory of imported soybeans at domestic ports is about 8.3852 million tons. The estimated arrival volume in December is about 9.484 million tons [22][23]. - As of the end of the 50th week, the crushing rate of imported rapeseed in major domestic oil mills was almost at a standstill. As of the end of December, the cumulative rapeseed crushing volume was 0 tons. The inventory of imported rapeseed at domestic ports is about 60,000 tons [28]. 3.2.4 Palm Oil Dynamics - From December 1 - 15, Malaysia's palm oil production decreased by 2.97% month - on - month. In November, China's palm oil imports reached 330,000 tons, the highest this year. In January, Malaysia's crude palm oil export tax is set at 9.5%. In December, Indonesia's crude palm oil reference price is expected to be $926.14 per ton, and the export tax is reduced to $74 per ton [30][31]. 3.2.5 CFTC Positions - In the first week of December, speculative funds increased their net long positions in Chicago soybeans and reduced their net short positions in Chicago soybean oil [47] 4. Corn 4.1 Market Review - In the spot market, corn prices decreased slightly this week. In the futures market, as of December 18, the Dalian main contract 2603 closed at 2,190 yuan/ton, down 46 yuan/ton from last week, a 2.06% decline [49]. 4.2 Fundamental Analysis 4.2.1 Corn Supply - This week, the pace of grain sales slowed down. As of now, the grain sales progress is 40%, generally faster than the same period last year. As of December 12, the inventory at northern ports was 1.81 million tons, and at southern ports was 453,000 tons [51][52]. 4.2.2 Domestic Substitutes - This week, wheat prices adjusted weakly. The cost is supported in the short term, but the demand is weak. As of December 18, the national average corn price was 2,304 yuan/ton, and the wheat average price was 2,514 yuan/ton [54]. 4.2.3 Imported Substitute Grains - In November, China imported 10.93 million tons of grain, a 15.3% year - on - year increase. The import of corn, sorghum, and wheat rebounded. The import advantage of other grains has increased, and future imports may increase [55][65]. 4.2.4 Feed Demand - In November 2025, the national industrial feed production was 28.73 million tons, a 1.2% month - on - month decrease and a 2.7% year - on - year increase. As of December 18, the average inventory days of national sample feed enterprises was 29.98 days [66][72]. 4.2.5 Deep - processing Demand - This week, the operating rate of the corn starch industry fluctuated little. As of December 18, the total corn inventory of processing enterprises was 3.24 million tons, a 10.20% increase from last week [74][75]. 4.2.6 Supply - Demand Balance Sheet - The 2025/26 forecast for Chinese corn remains the same as last month. The planting area is expected to be 44,873 thousand hectares, with a total output of 300 million tons. The consumption is expected to be 299.02 million tons, and the import volume remains at 6 million tons [81] 4.3 Outlook - In the spot market, prices may fluctuate. In the futures market, the 2601/03 contracts are under supply pressure, and prices may fluctuate. It is recommended that spot enterprises replenish stocks appropriately, and futures investors hold long positions [83][84][85] 5. Live Pigs 5.1 Market Review - In the spot market, live pig prices fluctuated upward this week, with an average price of 11.53 yuan/kg, a 2.31% week - on - week increase. In the futures market, as of Thursday, the main contract LH2603 closed at 11,325 yuan/ton, a 0.94% increase from last Thursday [87][88] 5.2 Fundamental Overview 5.2.1 Long - term Supply: Breeding Sows Inventory - As of November, the inventory of breeding sows in sample farms increased slightly month - on - month. Overall, live pig slaughter is expected to increase slightly until the first half of next year [98][99] 5.2.2 Medium - term Supply: Piglet Inventory - This week, the average price of 15 - kg piglets was 306 yuan/head, up 1 yuan/head from last week. As of November, the inventory of small pigs in sample enterprises decreased slightly month - on - month [108][109] 5.2.3 Short - term Supply: Large Pigs Inventory, Hogging, and Reraising - As of November, the inventory of large pigs in sample enterprises decreased month - on - month. The proportion of large pigs over 140 kg increased in November. In December, live pig slaughter is expected to increase month - on - month, and decrease in January next year [112][113] 5.2.4 Current Supply: Commercial Pig Slaughter Volume and Average Slaughter Weight - In November, the actual slaughter volume of sample enterprises was 26.49 million heads, and the planned slaughter volume in December is 27.72 million heads. This week, the average slaughter weight was 130.18 kg, up 0.55 kg week - on - week [118][119] 5.2.5 Import Supply: Pork Imports - In October, China imported 60,000 tons of pork. From January to November, the cumulative import volume was 920,000 tons, a 6.1% year - on - year decrease [124] 5.2.6 Reraising Demand - In early December, the enthusiasm for reraising was average. The price difference between 175 - kg fat pigs and standard pigs increased slightly this week, and the reraising cost also increased [127] 5.2.7 Slaughter Demand - This week, the slaughter enterprise operating rate was 39.87%, up 1.33 percentage points from last week. From January to October 2025, the total slaughter volume was 322.88 million heads, a 22.21% year - on - year increase [130] 5.3 Outlook - In the spot market, supply and demand are both increasing, and prices are oscillating strongly. In the futures market, it is recommended that investors wait and see, and breeding enterprises reduce hedging short positions as they slaughter [131][133] 6. Soybean Meal 6.1 Weekly Review and Operation Suggestions - In the spot market, as of December 19, the coastal soybean meal price was between 3,060 - 3,140 yuan/ton. In the futures market, the outer - market CBOT soybean price may test the support at 1050 cents. Domestic soybean meal is expected to be weaker than the outer - market in the short term, and it is not advisable for long - position investors to bottom - fish [135][136][137] 6.2 Core Points 6.2.1 Soybean Planting - According to the USDA December report, the new - season US soybean planting area is about 81.1 million acres, and the yield per unit is 53.0 bushels. Brazil's soybean production is expected to reach 175 million tons, and Argentina's is expected to be 48.5 million tons. As of December 13, Brazil's soybean planting rate was 94.1%, and as of December 11, Argentina's was 58% [138][139] 6.2.2 US Soybean Exports - As of the week of November 27, the US 2025/2026 soybean export shipment volume was about 804,000 tons, and the net sales volume was 1.106 million tons. The cumulative sales volume was 21.829 million tons, a 39.4% year - on - year decrease [145] 6.2.3 Domestic Soybean Imports and Crushing - As of December 18, the gross profit of importing and crushing US Gulf soybeans in January was - 465 yuan/ton. As of the week of December 12, the actual operating rate of 111 oil mills was 57.18%. In November, China imported 8.107 million tons of soybeans. It is expected that the port soybean inventory will gradually decrease [154][155][157] 6.2.4 Soybean Meal Transactions and Inventory - As of December 12, the domestic main oil mills' soybean meal inventory was 999,900 tons, a 5.2% month - on - month decrease and a 76% year - on - year increase [161] 6.2.5 Basis and Inter - month Spread - As of December 19, the basis of the soybean meal 01 contract was about 94.14, and the 1 - 5 spread was 308. The 1 - 5 spread or the 3 - 5 spread may be stable and slightly stronger in the future [166] 6.2.6 Domestic Registered Warehouse Receipts - As of December 18, the domestic soybean meal registered warehouse receipts were 23,830 lots, at a historically high level for the same period [170] 7. Eggs 7.1 Weekly Review and Operation Suggestions - This week, the egg spot price stabilized at a low level and then rose slightly. In the futures market, the near - month contracts oscillated at a low level, and the far - month contracts declined. It is recommended that long - position investors wait for the far - month contracts to adjust fully before entering the market [172] 7.2 Data Summary 7.2.1 Inventory and Replenishment - As of the end of November 2025, the national in - production laying hens inventory was about 1.352 billion. In November, the sample enterprises' egg - chicken chick output was about 39.55 million, a 13.5% decrease from the same period last year [173] 7.2.2 Cost, Revenue, and Breeding Profit - As of December 18, the average price of large - sized pink - shell eggs was 2.98 yuan/jin, and the brown - shell eggs were 3.04 yuan/jin. The feed cost was 3.22 yuan/kg, the chick price was 2.68 yuan/chick, and the breeding profit was about - 0.17 yuan/jin [178][179] 7.2.3 Culled Hens - Recently, the culling volume has decreased, the culling age has accelerated, and the culled hen price is at a low level for the same period [181] 7.2.4 Demand, Inventory, and Live Pig Price - As of December 18, the weekly egg sales volume in representative sales areas was 7,023 tons, and the inventory in the circulation and production links was relatively high. The live pig price was 5.85 yuan/jin [189] 8. Sugar 8.1 Weekly Review and Operation Suggestions - This week, the raw sugar index fell back to test the 14 - cent mark, and the Zhengzhou sugar index continued to decline. It is expected that the 5000 - yuan mark may be the short - term bottom [196][197] 8.2 Data Overview - In the 2025/26 sugar - pressing season as of December 1, the cumulative sugar production in Brazil's central - southern region was 39.904 million tons, a 1.13% year - on - year increase. The ethanol - to - sugar price in Brazil's central - southern region is 16.43 cents/pound, higher than the ICE raw sugar price. The import processing profit of raw sugar declined this week [204][205][209]