The market of 202 1 began to return to the normal year, mainly because the influence of 202 1 on raw sugar has become more and more obvious, and the domestic futures market is even more unpredictable. This month, Brazil's currency, the real, depreciated more than expected, and countries such as India, the main raw sugar producing area in China, faced a decline in production. Compared with the 2020/202 1/2022 crop season, the sugarcane crushing capacity in central and southern Brazil decreased by 300,000 tons. At the same time, due to the shortage of labor, Brazil's sugar production decreased, which eventually led to the basic bottom of domestic sugar sales in Brazil. Although the price is relatively low, driven by the depreciation of the real, the sales enthusiasm of the sugar factory has improved, and the overall performance of the raw sugar market is relatively firm.
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