1, major exporting and consuming countries

Brazil, India, Thailand, Australia and Cuba are the major sugar producers and exporters in the world. The output, export volume, price and policy of these countries or regions are the main factors affecting the international sugar market price.

The European Union, Russian Federation, China, Indonesia and Pakistan are the main sugar consumers or importers in the world, and their sugar consumption, consumption habits, import policies and domestic production are also the main factors affecting the international sugar market price.

2. The impact of natural disasters on sugar production in major sugar-producing countries.

As an agricultural product, sugar production in various countries will inevitably be affected by natural disasters such as floods and dry weather, especially in recent years.

3. The influence of international oil price on sugar market.

With the rise of international oil price, some countries have joined the search for biological alternative energy sources, such as extracting ethanol from sugarcane, to reduce their dependence on oil. Sugarcane is no longer regarded as a single agricultural product, and sugar is increasingly regarded as an energy product in the market. The rise and fall of oil prices will not only affect the economic situation and international freight, but also affect the alcohol production, and then affect the global sugar production. Therefore, the rise and fall of oil prices will inevitably affect the price trend of sugar.

4. The influence of the change of dollar value and global economic growth on the sugar market.

As a dollar-denominated commodity, the price trend of sugar is not only affected by natural disasters, but also by the rise and fall of the dollar value and the speed of global economic growth. Under normal circumstances, the decline in the value of the US dollar means that the cost of buying sugar in the US dollar area is reduced, the purchasing power is enhanced, and the support for the international sugar market is enhanced. On the contrary, it will curb consumer demand in non-dollar regions.

5. The impact of policy changes of major sugar importing countries on the sugar market.

Changes in policies and tariff policies of major sugar importing countries have a great impact on the sugar market. Relevant policies of international sugar organizations, subsidies to sugar producers in EU countries and production support policies of the US government all have an important impact on the world sugar supply. For example, the United States implements a quota system for sugar management, and imports sugar from designated countries according to quotas. The import price is generally higher than the international market price. The United States does not export raw sugar, but a large number of edible syrups extracted from raw sugar are exported. Therefore, if sugar-producing countries export to the United States, they must first obtain the import quota of the United States. Brazil, Cuba and the European Union control sugar production in a planned way by controlling the planting area, while the governments of India, the Philippines and Thailand control the export quantity according to the domestic market situation and adjust relevant policies at any time.