On May 3 1 1, the State Reserve (State Material Reserve Bureau) will throw another 250,000 tons of sugar, which is the fifth sugar auction held by the State Reserve since the 2010/201. Experts believe that this is a measure taken by the state to stabilize prices and ensure supply in response to the upcoming peak season of domestic sugar consumption.

Since the 20 10/20 1 1 cropping season, the state has increased the investment in state-owned reserve sugar, and put in 2.46 million tons of reserve sugar in four times. However, the domestic sugar price is still high, and the international CIF price of raw sugar is less than 6,000 yuan per ton, while the spot price of sugar in the domestic market has been around 7,000 yuan per ton.

Sugar futures analysts pointed out that the monopoly price of sugar enterprises in domestic producing areas still exists, and the inventory of middlemen and downstream sugar enterprises is low. The sale of state-owned sugar is intended to increase the supply of sugar, form a docking with more imported sugar in the market, and make the sugar price run more smoothly in the upcoming peak consumption season.