热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 白糖： 消息方面，2025/26榨季截至12月20日，泰国累计甘蔗入榨量为781.22万吨，较去年同期的917.97万吨减 少136.75万吨，降幅14.9%；甘蔗含糖分11.36%，较去年同期的11.48%减少0.12%；产糖率为8.183%， 较去年同期的8.121%减少0.062%；产糖量为63.93万吨，较去年同期的74.55万吨减少10.62万吨，降幅 14.25%。现货报价方面，广西制糖集团报价区间为5250~5370元/吨，持平；云南制糖集团报价 5120~5230元/吨，个别下调10元/吨；加工糖厂主流报价区间为5670~5900元/吨，少数上调20元/吨。原 糖方面，泰国进入生产季，未来可继续关注生产进度。国内现货市场止跌企稳，市场情绪回暖，成交温 和回升。盘面也伴随现货市场小幅反弹，本轮下跌暂时止住，预计未来窄幅震荡，静待新的指引。 棉花： 周一，ICE美棉下跌0.22%，报收63.61美分/磅，CF601环比上涨0.61%，报收14070元/吨，主力合约持仓 环比增加23519手至78.5万手。国际市场方面，宏观层面仍有扰 ...

（文章来源：新华财经） 巴西对外贸易秘书处(Secex)最新出口数据显示，巴西12月前三周出口糖213.48万吨，日均出口量为 142,319.31吨，较上年12月全月的日均出口量增加5%。上年12月全月出口量为283.37万吨。 ...

白糖产业日报 2025-12-22 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:白糖(日,元/吨) | 5126 | 38 主力合约持仓量:白糖(日,手) | 513067 | -10155 | | | 仓单数量:白糖(日,张) | 4479 | 868 期货前20名持仓:净买单量:白糖(日,手) | -85526 | 1130 | | | 有效仓单预报:白糖:小计(日,张) 进口加工估算价(配额内):巴西糖(日,元/ | 622 | -868 | | | | 现货市场 | | 3995 | -87 进口加工估算价(配额内):泰国糖(日,元/ | 4042 | -61 | | | 吨) 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) -114 进口泰糖估算价(配额外,50%关税)(日,元 | | | | | | 5058 | | 5121 | -79 | | | /吨) 云南昆明白糖现货价格(日,元/吨) | 5195 | /吨) -15 广西南宁 ...

广农糖业公告称，公司预计 2025 年度为控股子公司提供不超 35.33 亿元担保额度。近日，公司与光大 银行南宁分行等三家银行签订担保合同，为全资子公司明阳公司、伶利公司和大桥公司分别向银行申请 的 5000 万元、4990 万元、3000 万元借款承担连带责任保证，担保期限 3 年。截至公告披露日，公司审 批担保额度合计 40.33 亿元，占 2024 年经审计归母净资产的 3244.60%；实际发生担保金额 22.55 亿 元，占最近一期经审计净资产的 1814.09%，无逾期担保等情况。 ...

2025 年 12 月 22 日 白糖：弱基差预期 周小球 投资咨询从业资格号：Z0001891 zhouxiaoqiu@gtjas.com 【趋势强度】 白糖趋势强度：-1 【基本面跟踪】 白糖基本面数据 | | 价格 | 同比 | | 价差 | 同比 | | --- | --- | --- | --- | --- | --- | | 原糖价格（美分/磅） | 14.85 | 0.38 | 15 价差（元/吨） | 89 | -1 | | 主流现货价格（元/吨） | 5280 | -20 | 59 价差（元/吨） | -7 | 11 | | 期货主力价格（元/吨） | 5088 | -14 | 主流现货基差（元/吨） | 192 | -6 | 资料来源：同花顺，国泰君安期货研究 【宏观及行业新闻】 高频信息：截至 12 月 15 日，25 /26 榨季印度食糖产量同比增加 28.3%。巴西 11 月出口 330 万吨，同比 减少 9 万吨。中国 11 月进口食糖 44 万吨（-9 万吨）。关注中国糖浆和预拌粉进口政策变化。 国内市场：CAOC 预计 25/26 榨季国内食糖产量为 1170 万吨（前值 11 ...

央广网北京12月22日消息（记者邓君洋 李阳阳 杨萌）据中央广播电视总台中国之声《新闻和报纸 摘要》报道，党的二十届四中全会提出，要提升农业综合生产能力和质量效益，加快建设农业强国。作 为全国最大的糖料种植基地、最大的食糖产区，广西全力推动糖业向高端化、绿色化、智能化转型升 级，打造全国最完整的糖业循环经济产业链。 糖厂管理人员罗斌：我们主要是对自动煮糖进行自动控制，还有蔗渣自卸控制系统，还有自动装包 等等，现在已经达到70%以上的智能化了。现在每一吨糖，我们的生产成本比前个榨季降低了600块 钱，整个榨季，我们的成本总共降了7000多万元。 一根甘蔗从头甜到尾，在广西崇左，蔗糖副产品综合利用也在向纵深发展、高值转型。位于凭祥产 业园的一家新能源科技企业将甘蔗渣转化为高性能碳基储能材料——超级活性炭，产品广泛应用于新能 源交通工具、智能电网等储能领域。 企业管理人员陈卫明：我们用甘蔗渣制备了超级电容器电极材料，攻破了"卡脖子"技术难题，产品 的关键指标，比电容和比表面积都处于国际领先的地位。产品价值高达30万元一吨，大大提升了甘蔗渣 的经济附加值。 2024/2025年榨季，广西糖料蔗种植面积和食糖产量连续3 ...

Group 1 - The global sugar market is entering a period of supply expansion and price decline, necessitating the use of financial tools and innovative strategies to build resilience in the industry [2] - There is a significant oversupply crisis in the international sugar market due to unexpected expansion in sugarcane planting areas in major producing countries, which may lead to further declines in raw sugar prices [2] - The domestic sugar market is experiencing a "three delays" phenomenon in the 2025/2026 crushing season, characterized by delayed start times, a year-on-year decrease in sugar production, and slowed sales progress [3] Group 2 - A new pricing mechanism is emerging in the market, with the "point pricing" model based on Zhengzhou Commodity Exchange sugar futures becoming mainstream, allowing sugar companies to pre-sell through basis pricing [3] - The focus of the market's long and short positions is on multiple levels, with bulls relying on low valuations and bears citing the absence of production cuts and limited weather-related speculation [3] - Short-term sugar prices may have the potential for a rebound, but the core variables affecting prices include the impact of increased production on average prices and policy movements at key price levels [3] Group 3 - The "insurance + futures" model has effectively connected finance with agriculture, providing price guarantees for sugarcane farmers and addressing the issue of "high yield but low income" [4] - The pricing logic in the sugar industry is evolving, with three new characteristics: enhanced energy attributes, increased policy dependence, and significant disturbances from quantitative capital flows [4] - Strategic adjustments across the industry chain are necessary to respond to deepening energy linkages, strengthened policy dependencies, and intensified capital disturbances [4] Group 4 - Strengthening risk management is crucial in the planting and production sectors, with recommendations to utilize the "insurance + futures" model and explore high-value by-product development [5] - Processing companies should optimize raw material procurement strategies by flexibly seizing opportunities from domestic and international price differences [5] - Downstream consumer enterprises are encouraged to respond to health trends by accelerating the development of zero-sugar products and functional sugar substitutes [5]

Core Viewpoint - The Philippines has extended its sugar import ban until December 2026 to protect domestic sugar production and stabilize market supply and demand [1] Group 1: Policy Changes - The Department of Agriculture in the Philippines announced that the import ban, initially expected to be lifted by mid-2026, will now last until the end of 2026 [1] - The decision to extend the ban is based on an assessment of current sugar production and market demand forecasts, indicating a need for a longer import restriction than previously planned [1] Group 2: Domestic Production - The domestic raw sugar production for the 2024/2025 season is projected to exceed 2 million tons, surpassing the earlier target of 1.7 million tons [1] - Predictions from the U.S. Department of Agriculture suggest that the raw sugar production for the 2025/2026 season will remain stable compared to the 2024/2025 season [1] Group 3: Regulatory Measures - The Department of Agriculture will enhance oversight of local sugar mills to ensure accurate data on refined sugar inventories, preventing misinformation and speculative pricing in the market [1]

证券日报网讯12月19日晚间，广农糖业（000911）发布公告称，公司将于2025年12月22日召开2025年第 五次临时股东会。 ...

Group 1 - The core viewpoint of the article indicates that Guangnong Sugar Industry (000911) has experienced a continuous decline in white sugar futures and spot prices throughout the year, which has had a certain impact on the company's production and operations [1] - The company is currently in the production phase for the 2025/26 crushing season and is committed to adhering to regulatory requirements for information disclosure [1]