Today (Jan 20), the market for sugar in China is shown as follows:

The most-active contract for sugar futures extends losses after low opens on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active May contract ended 104 CNY/tonne lower at 5,310 CNY/tonne with the high of 5,449 CNY/tonne and the low of 5,325 CNY/tonne; nearby March contract finishes 107 CNY/tonne lower at 5,287 CNY/tonne with the high of 5,403 CNY/tonne and the low of 5,282 CNY/tonne.

Spot sugar prices decrease today. New sugar is priced at 5,290-5,340 CNY/tonne with a decline of 40 CNY/t ponne in Guangxi; in Yunnan, new sugar is priced at 5,370-5,400 CNY/tonne in Kunming and 5,310-5,320 CNY/tonne in Dali with a decrease of 20 CNY/tonne from yesterday; new sugar is offered 50 CNY/tonne lower at 5,250-5,270 CNY/tonne in Zhanjiang, Guangdong. Besides, processed sugar prices mostly go down. Grade I carbonized sugar is 40 CNY/tonne lower at 5,420 CNY/tonne in Fujian, 30 CNY/tonne lower at 5,370 CNY/tonne in Guangdong, 60 CNY/tonne lower at 5,450 CNY/tonne in Shandong, 50 CNY/tonne lower at 5,420 CNY/tonne in Liaoning while unchanged at 5,450 CNY/tonne in Hebei.

Some investors have taken profits cracked down by a sharp fall in raw sugar futures. Zhengzhou sugar futures remarkably decline in morning trade. But sugar price is predicted to fall from the high level and fluctuate due to on-going stockpiling and concerns over weather conditions.

(USD $1=CNY ¥6.48)