COFCO just bought 900,000 tons of sugar from the London futures market, which requires spot delivery. If the per capita consumption is 1 kg, it is1.400 million kg, that is,1.4000 tons.

Sugar 307(CZCE|SR307)$? Recently, it was reported that COFCO bought 900,000 tons of raw sugar during delivery, which is equivalent to repurchasing the raw sugar sold in May. This operation is very attractive. Brazilian sugar delivered before should not be considered as export, because the sugar itself is not in China, but in Brazil, which belongs to the nature of hedging delivery of Brazilian sugar enterprises. This time, the raw sugar in London was bought and sent. If it is shipped to China, it is the real import.