Although some people think that the investment of 6.5438+100,000 tons is only a drop in the bucket compared with the domestic sugar market with annual consumption exceeding 10 million tons, it shows the determination of the country to stabilize sugar prices. Affected by yesterday's meeting and the international raw sugar market, yesterday's domestic white sugar futures continued the previous day's decline, and no one cared about the spot market. Under the influence of international, domestic and policy-oriented factors, the rapid decline of the market has also made businesses at a loss, and customers are waiting to see with money. At one time, the wholesale markets of sugar in all parts of China were priceless, even priceless. Since the beginning of crushing, the domestic sugar market has been "warm and harmonious", and the price of sugar has been rising all the way. The price of sugar rose from 3,600 yuan per ton at the end of last year 165438+ 10 to 4,300 yuan in mid-February, and exceeded 5,000 yuan at the end of this year. At present, sugar production in Hainan Province is drawing to a close, and sugar prices continue to soar. On the 7th, the transaction price of sugar in Haikou was 5,500 yuan per ton, the highest price in China has soared to 5,750 yuan per ton, and the price in most distribution areas exceeded 5,400 yuan. People in the industry can't think of it. The relevant person in charge of the Sugar Industry Association of Hainan Province said that as far as Hainan is concerned, the average selling price of this crop season is higher than that of the previous crop season by 1.600 yuan to 1.700 yuan. Secondly, the international sugar market is also a "wind vane" of the domestic sugar market. International sugar prices have been high. At present, the international raw sugar price has risen to about 8.8 cents per pound/kloc-0, equivalent to 5900 yuan per ton. However, the rising international freight rate makes the spot market transactions stagnate. Due to the high cost, it is difficult for imported sugar from general trade to squeeze into the domestic market for the time being, and it will not pose a threat to the domestic sugar market for the time being, thus driving the domestic sugar price higher. In addition, the continuous rise in international oil prices has also produced a chain reaction, thus stimulating the demand for fuel alcohol. For example, Brazil, which accounts for 40% of international sugar production, has converted a large number of sugarcane raw materials into alcohol fuel to avoid the impact of high international oil prices on the economy, which has drastically reduced the international sugar supply. According to relevant data, the reduction of sugar production in some major sugar-producing countries in the world is also a foregone conclusion.