BEIJING, Aug. 18 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes sugar price market trends.
Himfr analyzes that international raw sugar's rebound is limited, while Chinese sugar supply and demand this year is expected to maintain balance.
The global sugar shortage will shift to an oversupply of sugar. As expected the global sugar production increased 9%, and excess supply will reach 2.5 million tons. Recently, although important sugar-producing countries like Russia and Ukraine are suffering drought, the sugar beet market suffered reduction in output, but because Chinese stock was sufficient, there was limited impact on the price of sugar.
The recent run of Chinese sugar prices and the international price of sugar is not synchronized, as the Chinese price of sugar is out of a relatively strong independent market. The basis of a strong Chinese sugar market has three points: first, inflation expectations; second, sugar cane producing areas' weather speculations, which may yield a new sugar crop this season; third, the Chinese sugar consumption peak periods are expected to enlarge the gap of supply and demand. However, the sugar production forecast is not favorable.
Of course, major sugar producers hope sugar prices rise, as they are in a currently dominant position, but Himfr thinks that it is not just sugar producers that want sugar prices to go up. If sugar prices continue to rise sharply again, then when the new crop season begins, the producers will face elevated cane sugar prices, which may cause market panic. The result is substantial pull on the cost of sugar, which will bring operating pressure and risk for sugar companies. (http://www.himfr.com/list-product-Food_Beverage-13000000-1.html ) About Himfr.com
Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as L-shaped office desks (http://www.himfr.com/buy-l_shaped_office_desk/ ), closet sliding doors (http://www.himfr.com/buy-closet_sliding_door/ ), vinyl plank flooring (http://www.himfr.com/buy-vinyl_plank_flooring/ ) and many more. For more information, please contact: www.Himfr.com Tel: +86-10-6556-9770 Email: my@himfr.com
