According to Zhuochuang News, domestic sugar production ended in late May, and due to increased production in the main producing area of Guangxi, domestic sugar production in the 2023/2024 season reached the highest level in nearly three years. In addition, the decrease in import sugar costs has led to an increase in import volume, and the domestic white sugar market may still experience supply pressure in the 2023/2024 season. It is expected that there will still be some room for white sugar prices to fall before the end of the crushing season in late September.
卓创资讯：国内白糖产量和进口量双增 年内糖价或仍存下跌空间
Zhuochuang News: Domestic sugar production and import volumes have both increased. The sugar price may still have room to fall this year.
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