Moon Cake Sugar Prices Suddenly Soared Up Temporarily

International Sugar 28-year record high Food Industry pressure

8 sugar prices hit a new high of 28 years, the international food giants began to seek "Sugar Shortage"

Guangzhou Carbohydrate Wholesale price started to rise last week, or about 10%

Since the procurement contract was signed earlier, yet some local food enterprises Prices

Yesterday, this newspaper's largest sugar from wholesalers in Guangzhou, Guangdong Zhongxing understand that the wholesale price of sugar rose from last week, from 3900 yuan / ton rose to 4300 yuan / ton.

Abroad, the food giant has recently signed a letter the United States Department of Agriculture, said that if authorities do not relax the sugar import policy will be a "substantial sugar shortage." Petition, including Kraft, General Mills, Hershey, Mars and other well-known food companies, they all face sugar shortage of products, want to allow them to import more sugar duty. It is reported that the United States to protect the sugar industry to set import quotas for sugar, U.S. food companies must pay twice the level of the international sugar market.

In the country, as big of sugar Moon cake Has not yet been affected by the soaring price of sugar. Reporter from the Guangzhou Restaurant, Lotus House, Tao Tao Ju learned that the three brands of moon cake is the price established in accordance with previous plans, the average is slightly lower than last year, which was signed at the beginning of their long-term contracts for sugar.

Reasons: to follow the international trend of the domestic sugar price

Once cheap sugar, how was suddenly in hot demand? This reporter learned that sugar and sugar-cane sugar burst power failure for India this month to promote the international price of sugar 28-year record high, the international price of sugar the third time in 50 years appeared in the bull market is emerging, and trigger follow up domestic sugar prices.

Domestic sugar prices in November last year, also at 2800 yuan / ton low, but this was soon to reach 3,800 yuan / ton. Guangzhou Restaurant Group Food Co., Ltd. General Manager Wu Jiawei Lee gastronomy told this, Take the Guangxi Sugar, this year around the Spring Festival of the price of 4,000 yuan / ton, but has now risen to 5,500 yuan / ton, up more than 37%.

According to reports, the seasonal production of sugar each year in November to January the next year is the harvest of sugar cane and sugar manufacturing period, sugar cane harvest in accordance with the situation, when at the beginning of the pricing. One to every summer, as demand increases, price of sugar will rise, stack on the international futures speculation, and external demand, domestic sugar prices also "take off" the.

Status: adequate domestic sugar supply for the time being

Dairy products , Carbonated drinks, juice drinks and canned most of China's use of sugar industry, as the economy warming, 6 monthly to 3 percent sequential growth, the demand for sugar can imagine.

Yesterday, the reporter visited the Carrefour, Canton 100 department stores, Tianhe City Stores, Dah Sing and a number of new stores, to see the giant temporary domestic produced no change in food prices. Various shopping malls are also related to price increases has not received the notice.

Kraft, a contact in China to the newspaper, said the products currently manufactured in China have only use the basic sugar in China, the United States temporarily not appear as a "sugar shortage," Kraft has not affected the production and marketing in China. Domestic confectionery and bakery manufacturers spokesman Sun Tianzhen Hsu Fu Chi, said time being sufficient supply of sugar.

Agricultural consulting firm Beijing Oriental Iger told the newspaper analyst at high-wang, the domestic sugar is generally self-sufficient, imports account for only 10% to 15%. But China is a big country with sugar, if sugar shortage in turn fueled speculation in the international price of sugar on the food industry pressure.

Analysis of the market outlook Sugar prices will continue to rise slowly

According to China Sugar Association expects the total market supply of sugar for the 13.5 million to 1400 million tons, while consumption is also at this level, the market is in tight supply-demand balance.

About The Author I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as butyl tape , extruded rubber.