There are many reasons behind the recent upward trend of sucrose futures market. First of all, the global epidemic situation has been gradually controlled, and the economy and consumer market have begun to pick up gradually. This urges suppliers to speed up sales and exports while increasing their inventory, which increases the demand for sucrose futures.

Secondly, the fluctuation of sucrose production also has an impact on futures prices. In the spring and autumn of 2020, Brazil suffered from dry weather, which led to the decline of sugar production in the main sugar-producing areas of the country. It is speculated that this unstable sugar production in Brazil may continue to lead to an increase in sugar futures prices.

Finally, some macro factors are also pushing up the price of sucrose futures. The devaluation of currencies in some countries intensifies the risks in futures trading, which makes investors seek more safe-haven assets, including sucrose futures. At the same time, some political events in the market have also had an impact on market sentiment, leading to investor sentiment fluctuations and rising sugar futures prices.

To sum up, the rise of sucrose futures price is mainly caused by the improvement of global epidemic situation, the fluctuation of sucrose production and some macro factors. Whether this upward trend will continue in the future depends on the changes and influences of these factors and other possible factors.