On the same day, the Ministry of Agriculture and Rural Affairs held a press conference on the operation of key agricultural products markets in the first half of the year.
A reporter asked, domestic sugar prices continued to fall in the first half of this year, and sometimes even fell below the cost line. Excuse me, secretary Tang, what caused this? Will sugar prices rise in the second half of the year?
Keke said that price can best reflect the relationship between supply and demand. Generally, the supply is less than the demand, and the price will definitely rise. If the supply exceeds the demand, the price will definitely fall. Since the beginning of this year, domestic sugar prices have been falling continuously. In June, the average wholesale price dropped to 5394 yuan per ton, down 2. 1% from the previous month and down 18.0% from the same period last year. At present, the price level has been significantly lower than the cost line of about 6,000 yuan per ton, and sugar enterprises have suffered a large loss, so it is likely that it will be difficult to pay sugar farmers in the later period.
Keke pointed out that China's sugar production is in short supply and highly dependent on trade, and the price drop is mainly caused by the pressure of oversupply in the international market. Due to the sharp increase in sugar production in India and Thailand, the International Sugar Organization (ISO) raised the global sugar supply surplus to over 654.38+08 tons in the 2065.438+07/654.38+08 crop season, and predicted that the global sugar supply will exceed 8.5 million tons in the next year, which may reach a new high this year and next. Affected by this, the average price of new york 1 1 raw sugar futures from June to June this year was 2.72 cents per pound/kloc-0, down 27.4% year-on-year, indicating that international market participants are generally bearish on the market outlook.
Finally, Keke said that the domestic sugar market has entered the period of pure sugar sales. At present, under the tariff of 15% within the quota, the after-tax price of Brazilian sugar is only 3275 yuan per ton, which is more than 2000 yuan lower than the domestic sugar price. The huge price difference at home and abroad makes the domestic sugar price easy to fall and difficult to rise in the later period. It is necessary to study and introduce policies and measures to protect the interests of sugar farmers and promote the healthy development of sugar industry. ?