Abstract
Research Background
In 2009/10 grinding season, South China experienced the worst drought in its
history, which led to a substantial output cut of sugarcane, and significant
drop of sugar output, hence continuous rise of sugar prices. International
sugar prices also rose sharply because all the main producing countries
experienced different climatic disasters, resulting in reduced output of sugar
or failing to achieve the expected output.
From October 2010, in the background of tight sugar supply, rising
international sugar prices and China' s macro-economic environment, sugar price
of China has been in a soaring process, making the dominant sugar futures
contract prices exceed 7,500 Yuan/ton, Nanning spot price was even up to 7600
Yuan/ton; Since then, since the state threw reserve sugar continuously and
international sugar price declined rapidly, sugar prices have come down.
In the new grinding season starting from October 2010, several major events
will affect market trends:
1. Output
According to statistics of China Sugar Association, in 2010/11 grinding
season, sugar output of China will increase to 12 million tons, mainly because
planting area of sugar crops has increased and per unit yield has recovered to
the previous level before drought. Entering December - January, South China
has suffered continued frost, which was disadvantageous for growth of
sugarcane, a larger area of sugarcane in northern Guangxi was affected by
frost, sugar output will fall, but less impact on sugarcane in southern
Guangxi. BOABC expects sugar output in this grinding season is likely to
remain about 12 million tons.
2. Consumption
The data estimated by China Sugar Association showed that China' s sugar
consumption in 2009/10 grinding season was 13.79 million tons, a slight
decrease over the previous season; while output of sugary food grew rapidly,
indicating that high sugar prices have suppressed sugar consumption, the
substitution capacity of other sweeteners on sugar has been improved.
According to BOABC' s data, the actual consumption in this grinding season was
13.4 million tons, lower than the estimated 13.79 million tons by the
Association.
3. Import and Export
As of the end of December 2010, China totally imported 1.766 million tons of
sugar, an increase of 65.91% over the same period in 2009, and the imports
were mainly concentrated in June-October. In 2011, the changes of China' s
sugar import volume will affect the overall situation of China' s sugar supply.
4. Policy Movements
In 2009/10 grinding season, China has thrown a total of 1.71 million tons of
sugar reserves to the market in 7 times, which played an important role in
meeting market demand, however, there were some problems, such as reserve
throwing timing and throwing volume were not quite suitable, resulting in
unapparent inhibitory effect on sugar prices. In the new grinding season, as
of the end of February, China has continued to throw about 770,000 tons of
sugar reserves to the market in 4 times, which constrained rapid rise of sugar
prices to some extent, then, the whole policy change of Chinese sugar market
will play a significant role in sugar market.
In this report, we will strive to objectively explore sugar supply and demand,
governmental regulation and sugar price trend in the new grinding season, and
carry on a comprehensive analysis and summary on macro-control, production,
sale, import and export of China' s sugar market in 2010/11 grinding season,
focusing on exploring all aspects influencing sugar market in the new season,
we' ll do our best to be objective and accurate to provide investment
decision-making reference for people of sugar industry in China.
Table of Contents
Chapter I - Retrospection and Prospection of Sugar Market Operation in 2009/2010 Grinding Season
- 1.1 Analysis of Major Factors Influencing Development of China' s Sugar
Industry in 2009/2010 Grinding Season
- 1.1.1 Domestic Factors
- 1.1.2 International Factors
- 1.2 Prediction of Sugar Industry Development Trend in New Grinding Season
- 1.2.1 Prediction of China' s Sugar Output
- 1.2.2 Prediction of China' s Sugar Price Trend
- 1.2.3 Prediction of Industrial Policy Environment
- 1.2.4 Prediction of Sugar Consumption
- 1.2.5 Analysis of Impact of International Sugar on Domestic Sugar
Industry
- 1.3 Analysis and Prediction of China' s Sugar Industry Investment and
Development Opportunities
Chapter II - Analysis of Policy Environment of China' s Sugar Industry
- 2.1 Analysis of China' s Support Policies on Sugar Industry
- 2.2 Development Plan of China' s Sugar Industry
- 2.3 Analysis of Admittance Policy of China' s Sugar Industry
- 2.4 Analysis of Sugar Purchasing and Storage Policy of China' s Sugar
Industry
- 2.5 Analysis of China' s Sugar Materials Purchasing and Pricing Policies
- 2.6 Analysis of Environmental Protection Policies of China' s Sugar Industry
- 2.7 China' s Trading Polices on Sugar Import & Export
- 2.8 Analysis of China' s Sugar Substitution Policy
Chapter III - Production and Development Trend of China' s Sugar Material Crops
- 3.1 Sugarcane Production in China
- 3.1.1 Sugarcane Planting Area in China
- 3.1.2 Distribution of China' s Sugarcane Planting Regions
- 3.1.3 China' s Sugarcane Output
- 3.2 Sugar Beet Production in China
- 3.2.1 Sugar Beet Planting Area in China
- 3.2.2 Distribution of China' s Sugar Beet Planting Regions
- 3.2.3 China' s Sugar Beet Output
- 3.3 China' s Sugarcane Production by Province
- 3.3.1 China' s Sugarcane Planting Area by Province
- 3.3.2 China' s Sugarcane Per Unit Yield by Province
- 3.3.3 China' s Sugarcane Output by Province
- 3.3.4 China' s Sugarcane Planting Varieties by Province
- 3.3.5 Arable Land Area of China Major Sugarcane Producing Provinces
- 3.4 China' s Sugar Beet Production by Province
- 3.4.1 China' s Sugar Beet Planting Area by Province
- 3.4.2 China' s Sugar Beet Per Unit Yield By Province
- 3.4.3 China' s Sugar Beet Output By Province
- 3.4.4 China' s Sugar Beet Planting Varieties By Province
- 3.4.5 Arable Land Area of China' s Major Sugar Beet Producing Provinces
- 3.4.6 Sugarcane Purchasing Price in Main Producing Provinces
- 3.4.7 Sugar Beet Purchasing Price in Main Sugar Beet Producing Provinces
Chapter IV - China' s Sugar Production and Related Technological and Economic Indicators
- 4.1 China' s Sugar Output
- 4.1.1 China' s Sugar Total Output and Trend in 1999/00-2009/10 Grinding
Season
- 4.1.2 China' s Sugar Output by Province in 1999/00-2010/11 Grinding Season
- 4.2 Distribution and Production Capacity of China' s
- 4.2.1 Quantity of China' s Grinding Sugar Mills by Province
- 4.2.2 Daily Grinding Capability of China' s Grinding Sugar Mills by
Province
- 4.3 Other Production Technological and Economic Indicators of China' s
Grinding Sugar Mills
- 4.3.1 China' s Sugar Product Cost by Province
- 4.3.2 China' s Mixed Sugar Production Ratio by Province
Chapter V - Analysis on China' s Sugar Consumption and Prospect
- 5.1 Analysis on China' s Total Sugar Consumption and Prospect
- 5.1.2 China' s Sugar Consumption Per Capita
- 5.2 Analysis on China Food Industry Sugar Consumption in 2000-2010
- 5.2.1 Analysis on China' s Monthly Cumulative Output of Carbonated
Beverages and Sugar Consumption in 2006-2010
- 5.2.2 Analysis on China' s Monthly Cumulative Output of Fruit Juice and
Juice Beverages and Sugar Consumption in 2006-2010
- 5.2.3 Analysis on China' s Monthly Cumulative Output of Dairy Products
and Sugar Consumption in 2006-2010
- 5.2.4 Analysis on China' s Monthly Cumulative Output of Canned Food and
Sugar Consumption in 2006-2010
- 5.2.5 Analysis on China' s Monthly Cumulative Output of Biscuits and
Sugar Consumption in 2006-2010
- 5.2.6 Analysis on China' s Monthly Cumulative Output of Candies and Sugar
Consumption in 2006-2010
- 5.2.7 Analysis on China' s Monthly Cumulative Output of Pastries and
Sugar Consumption in 2006-2010
- 5.2.8 Analysis on China' s Monthly Cumulative Output of Frozen Food and
Sugar Consumption in 2006-2010
- 5.2.9 Analysis on China' s Monthly Cumulative Output of Frozen Beverages
and Sugar Consumption in 2006-2010
- 5.2.11 Sugar Consumption of China' s Food Industry
- 5.3 Analysis on the Impact of the Development of Sugary Food Industry on
the Development of Sugar Industry
- 5.4 Sugar Consumption of Chinese residents
- 5.4.1 Sugar Consumption of Chinese Residents by Provinces in 2000-2010
- 5.4.2 Forecast of Sugar Consumption of Chinese Residents
Chapter VI - China' s Sugar Trade
- 6.1 China' s Sugar Imports
- 6.1.1 China' s Sugar Imports and Trend in 2000-2010
- 6.1.2 China' s Granulated Sugar Imports by Country in 2000-2010
- 6.1.3 China' s Raw Sugar Imports by Country in 2000-2010
- 6.2 China' s Sugar Imports by Enterprise in 2002-2010
- 6.2.1 China' s Granulated Sugar Imports by Enterprise in 2002-2010
- 6.2.2 China' s Raw Sugar Imports by Enterprise in 2002-2010
- 6.3 China' s Sugar Imports by Port in 2010
- 6.3.1 China' s Sugar Imports by Port in 2010 and Respective Proportions
- 6.4 China' s Sugar Exports
- 6.4.1China' s Sugar Exports and Trend in 2000-2010
- 6.4.2 China' s Raw Sugar Exports by Country in 2000-2010
- 6.4.3 China' s Granulated Sugar Exports by Country in 2000-2010
- 6.4.4 China' s Net Import of Sugar and Trend in 2000-2010
Chapter VII - Analysis on the Production, Consumption and Trend of China' s Sugar substitutes
- 7.1 Analysis on China' s Starch Sugar Output and Trend in 2000-2010
- 7.1.1 China' s Starch Sugar Output and Sugar Equivalent in 2000-2010
- 7.1.2 China' s Starch Sugar Consumption and Prospect in 2000-2010
- 7.2 Analysis on China' s Saccharin Production and Consumption in 2000-2010
- 7.2.1 China' s Saccharin Output in 2000-2010
- 7.3 Other Sugar Substitutes
- 7.3.1 Other Sugar Substitute Output and Forecast in 2000-2010 a
- 7.4 Impact of Sugar Substitutes on the Sugar Industry
Chapter VIII - Sugar Price
- 8.1China' s Domestic Sugar Price
- 8.1.1 The Monthly Wholesale Price of White Granulated Sugar of China' s
Major Producing Areas in 1998-2011
- 8.1.2 The Monthly Wholesale Price of White Granulated Sugar of China' s
Major Selling Areas in 1998-2011
- 8.1.3 China' s Imported Sugar CIF by Month in 2006-2010
- 8.1.4 China' s Imported Raw Sugar CIF by Month in 2006-2010
- 8.2 International Sugar Price
- 8.2.1 Futures Prices of New York No. 11 Raw Sugar in Recent Months in
2000-2011
- 8.2.2 Comparison of Domestic Sugar Price and Imported Sugar Price
- 8.3 Sugar Supply and Demand Balance Sheet
Chapter IX - Industrial Competitiveness Analysis
- 9.1 Industrial Margin Analysis and Forecast
- 9.2 Analysis of Production Costs and Profits
- 9.3 Production capacity Analysis
- 9.4 Anti-risk Capability Analysis
- 9.5 Analysis on Competitiveness of Enterprises in Different Sizes
- 9.6 Analysis on Competitiveness of Enterprises of Different Techniques
Chapter X - Production Capacity of China' s Major Sugar Enterprise (Groups) and the Production of Their Subsidiary Enterprises
- 10.1 Yangpu Nanhua Sugar Industrial Group
- 10.1.1 Subsidiary Enterprises of Yangpu Nanhua Sugar Industrial Group
- 10.1.2 Production Capacity and Sugar Output of Yangpu Nanhua Sugar
Industrial Group
- 10.2 Nanning Sugar Industry Co., Ltd
- 10.2.1 Subsidiary Enterprises of Nanning Sugar Industry Co., Ltd
- 10.2.2 Production Capacity and Sugar Output of Nanning Sugar Industry
Co., Ltd
- 10.3 Guangxi East Asia Sugar Group
- 10.3.1 Subsidiary Enterprises of Guangxi East Asia Sugar Group
- 10.3.2 Production Capacity and Sugar Output of Guangxi Nanning East Asia
Sugar Group
- 10.4 Guangxi State Farms Group
- 10.4.1 Subsidiary Enterprises of Guangxi State Farms Group
- 10.4.2 Production Capacity and Sugar Output of Guangxi State Farms Group
- 10.5 Guangxi Fengtang Biochemical Co., Ltd
- 10.5.1 Guangxi Fengtang Biochemical Co., Ltd
- 10.5.2 Production Capacity and Sugar Output of Guangxi Fengtang
Biochemical Co., Ltd
- 10.6 British Sugar Group
- 10.6.1 Subsidiary Enterprises of British Sugar Group
- 10.6.2 Production Capacity and Sugar Output of British Sugar Group
- 10.7 Guangxi Yongxinghua Sugar Group
- 10.7.1 Subsidiary Enterprises of Guangxi Yongxinghua Sugar Group
- 10.7.2 Production Capacity and Sugar Output of Guangxi Yongxinghua Sugar
Group
- 10.8 Guangxi Dongtang Group
- 10.8.1 Subsidiary Enterprises of Guangxi Dongtang Group
- 10.8.2 Production Capacity and Sugar Output of Guangxi Dongtang Group
- 10.9 InBev Sugar
- 10.9.1 Subsidiary Enterprises of InBev Sugar
- 10.9.2 Production Capacity and Sugar Output of InBev Sugar
- 10.10 COFCO Xinjiang Tunhe Co., Ltd
- 10.10.1 Subsidiary Enterprises of COFCO Xinjiang Tunhe Co., Ltd.
- 10.10.2 Production Capacity and Sugar Output of COFCO Xinjiang Tunhe
Co., Ltd
- 10.11 Yunnan Yinmore Sugar Company Ltd
- 10.11.1 Subsidiary Enterprises of Yunnan Yinmore Sugar Company Ltd
- 10.11.2 Production Capacity and Sugar Output of Yunnan Yinmore Sugar
Company Ltd
- Tab.3.1: China' s Sugarcane Planting Area in 2000/01-2010/11 Grinding Season
- Tab.3.2: China' s Sugarcane Output in 2000/01-2010/11 Grinding Season
- Tab.3.3: China' s Sugar Beet Planting Area in 2000/01-2010/11 Grinding
Season
- Tab.3.4: China' s Sugar Beet Output in 2000/01-2010/11 Grinding Season
- Tab.3.5: China' s Sugarcane Planting Area by Province in 2000/01-2010/11
Grinding Season
- Tab.3.6: China' s Sugarcane Per Unit Yield by Province in 2000/01-2010/11
Grinding Season
- Tab.3.7: China' s Sugarcane Output by Province in 2000/01-2010/11 Grinding
Season
- Tab.3.8: Major Sugarcane Planting Varieties of Yunnan
- Tab.3.9: Major Sugarcane Planting Varieties of Guangxi
- Tab.3.10: Major Sugarcane Planting Varieties of Guangdong
- Tab.3.11: Arable Land Area of China Major Sugarcane Producing Provinces in
2004-2010
- Tab.3.12: China' s Sugar Beet Planting Area by Province in 2000/01-2010/11
Grinding Season
- Tab.3.13: China' s Sugar Beet Per Unit Yield by Province in 2000/01-2010/11
Grinding Season
- Tab.3.14: China' s Sugar Beet Output by Province in 2000/01-2010/11
Grinding Season
- Tab.3.15: Major Sugar Beet Planting Varieties of Xinjiang
- Tab.3.16: Major Sugar Beet Planting Varieties of Inner Mongolia
- Tab.3.17: Major Sugar Beet Planting Varieties of Heilongjiang
- Tab.3.18: Arable Land Area of China' s Major Sugar Beet Producing Provinces
in 2004-2010
- Tab.3.19: Sugarcane Purchasing Price in Main Sugarcane Producing Provinces
in 2000/01-2010/11 Grinding Season
- Tab.3.20: Sugar Beet Purchasing Price in Main Sugar Beet Producing
Provinces in 2000/01-2010/11 Grinding Season
- Tab. 4.1: China' s Sugar Output in 1999/00-2010/11 Grinding Season
- Tab. 4.2: China' s Cane Sugar Output by Province in 1999/00-2010/11
Grinding Season
- Tab. 4.3: China' s Beet Sugar Output by Province in 1999/00-2010/11
Grinding Season
- Tab. 4.4: Quantity of China' s Sugar Mills by Province
- Tab. 4.5: Sugar Materials Daily Grinding Capacity of All Provinces in
2009/10 Grinding Season
- Tab. 4.6: Sugar Production Cost of Guangxi in 2003/04-2009/10 Grinding
Season
- Tab. 4.7: Sugar Production Cost of Guangdong in 2003/04-2009/10 Grinding
Season
- Tab. 4.8: Sugar Production Cost of Yunnan in 2003/04-2009/10 Grinding
Season
- Tab. 4.9: Sugar Production Cost of Xinjiang in 2003/04-2009/10 Grinding
Season
- Tab. 4.10: Sugar Production Cost of Heilongjiang in 2003/04-2009/10
Grinding Season
- Tab. 4.11: Sugar Production Cost of Inner Mongolia in 2003/04-2009/10
Grinding Season
- Tab. 4.12: Cane Sugar Output Ratio of Main Sugarcane Producing Provinces
in 1997/98-2009/10 Grinding Season
- Tab. 4.13: Beet Sugar Output Ratio of Main Sugar Beet Producing Provinces
in 1997/98-2009/10 Grinding Season
- Table 5.1: China' s Sugar Consumption in 1997/98-2010/11 Grinding Season
- Table 5.2: China' s Sugar Consumption Per Capita in 97/98-09/10 Grinding
Season
- Table 5.3: China' s Monthly Cumulative Output of Carbonated Beverages in
2006-2010
- Table 5.4: China' s Monthly Cumulative Output of Fruit Juice and Juice
Beverages in 2006-2010
- Table 5.5: China' s Monthly Cumulative Output of Dairy Products in 2006-2010
- Table 5.6: China' s Monthly Cumulative Output of Canned Food in 2006-2010
- Table 5.7: China' s Monthly Cumulative Output of Biscuits in 2006-2010
- Table 5.8: China' s Monthly Cumulative Output of Candies in 2006-2010
- Table 5.9: China' s Monthly Cumulative Output of Pastries in 2006-2010
- Table 5.10: China' s Monthly Cumulative Output of Frozen Food Staple in
2006-2009
- Table 5.11: China' s Monthly Cumulative Output of Frozen Beverages in
2006-2010
- Table 5.12: Sugar Consumption of China' s Food Industry in 2000-2009
- Table 5.13: Sugar Consumption of Chinese Residents by Provinces in
2000-2010
- Table 6.1: China' s Sugar Imports in 2000-2010
- Table 6.2: China' s White Granulated Sugar Imports by Country in 2000-2010
- Table 6.3: China' s Raw Sugar Imports by Country in 2000-2010
- Table 6.4: China' s Granulated Sugar Imports by Enterprise in 2002-2010
- Table 6.5: China' s Raw Sugar Imports by Enterprise in 2002-2010
- Table 6.6: China' s Sugar Imports by Port in 2010
- Table 6.7: China' s Granulated Sugar Imports by Port in 2010
- Table 6.8: China' s Sugar Exports and Trend in 2000-2010
- Table 6.9: China' s Raw Sugar Exports by Country in 2000-2010
- Table 6.10: China' s Granulated Sugar Exports by Country in 2000-2010
- Table 7.1: China' Starch Sugar Production and Consumption in 2000-2010
- Table 7.2: China' s Top 20 Starch Sugar Enterprises by Production Capacity
- Table 7.3: China' s Saccharin Output and Consumption in 2000-2010
- Table 7.4: China' s Other Main Substitute Production in 2000-2010
- Table 8.1: Wholesale Price of White Granulated Sugar in Nanning in
1998-2011
- Table 8.2: The Wholesale Price of White Granulated Sugar of China' s Major
Selling Areas in 1998-2011
- Table 8.3: China' s Imported White sugar CIF by Month in 2006-2010
- Table 8.4: China' s Imported Raw Sugar CIF by Month in 2006-2010
- Table 8.5: Futures Prices of New York No. 11 Raw Sugar in Recent Months in
1998-2011
- Table 8.6: National Sugar Supply-Demand Balance
- Table 9.1: Production Technique Statistics of Grinding Sugar Factories in
Different Regions in the 2009/10 Grinding Season
- Table 10.1: Main Subsidiary Enterprises of Yangpu Nanhua Sugar Industrial
Group
- Table 10.2: Sugar Material Planting Area and Sugar Output of Yangpu Nanhua
Sugar Industrial Group in the 06/07-09/10 Grinding Season
- Table 10.3: Subsidiary Enterprises of Nanning Sugar Industry Co., Ltd
- Table 10.4: Sugar Material Planting Area and Sugar Output of Nanning Sugar
Industry Co., Ltd in the 06/07-09/10 Grinding Season
- Table 10.5: Subsidiary Enterprises of Guangxi East Asia Sugar Group
- Table 10.6: Sugar Material Planting Area and Sugar Output of Guangxi
Nanning East Asia Sugar Group in the 06/07-09/10 Grinding Season
- Table 10.7: Subsidiary Enterprises of Guangxi State Farms Group
- Table 10.8: Sugar Material Planting Area and Sugar Output of Guangxi State
Farms Group in the 06/07-09/10 Grinding Season
- Table 10.9: Guangxi Fengtang Biochemical Co., Ltd
- Table 10.10: Sugar Material Planting Area and Sugar Output of Guangxi
Fengtang Biochemical Co., Ltd in the 06/07-09/10 Grinding Season
- Table 10.11: Subsidiary Enterprises of British Sugar Group
- Table 10.12: Sugar Material Planting Area and Sugar Output of British
Sugar Group in the 06/07-09/10 Grinding Season
- Table 10.13: Subsidiary Enterprises of Guangxi Yongxinghua Sugar Group
- Table 10.14: Sugar Material Planting Area and Sugar Output of Guangxi
Yongxinghua Sugar Group in the 06/07-09/10 Grinding Season
- Table 10.15: Subsidiary Enterprises of Guangxi Dongtang Group
- Table 10.16: Sugar Material Planting Area and Sugar Output of Guangxi
Dontang Group in the 06/07-09/10 Grinding Season
- Table 10.17: Subsidiary Enterprises of InBev Sugar
- Table 10.18: Sugar Material Planting Area and Sugar Output of InBev Sugar
in the 06/07-09/10 Grinding Season
- Table 10.19: Subsidiary Enterprises of COFCO Xinjiang Tunhe Co., Ltd.
- Table 10.20: Sugar Material Planting Area and Sugar Output of COFCO
Xinjiang Tunhe Co., Ltd in the 06/07-09/10 Grinding Season
- Table 10.21: Subsidiary Enterprises of Yunnan Yinmore Sugar Company Ltd
- Table 10.22: Sugar Material Planting Area and Sugar Output of Yunnan
Yinmore Sugar Company Ltd in the 06/07-09/10 Grinding Season
- Figure 3.1: China' s Sugarcane Planting Area in 2000/01-2010/11 Grinding
Season
- Figure 3.2: China' s Sugarcane Output in 2000/01-2010/11 Grinding Season
- Figure 3.3: China' s Sugar Beet Planting Area in 2000/01-2010/11 Grinding
Season
- Figure 3.4: China' s Sugar Beet Output in 2000/01-2010/11 Grinding Season
- Figure 4.1: China' s Sugar Output in 1999/00-2010/11 Grinding Season
- Figure 5.1: China' s Sugar Consumption in 1997/98-2010/11 Grinding Season
- Figure 5.2: China' s Sugar Consumption Per Capita in 97/98-09/10 Grinding
Season
- Figure 5.3: Proportion of China' s Industrial Sugar Consumption in 2010
- Figure 6.1: China' s Sugar Imports in 2000-2010
- Figure 6.2: China' s White Granulated Sugar Imports in 2000-2010
- Figure 6.3: China' s White Granulated Sugar Import Proportions by Country
in 2010
- Figure 6.4: China' s Raw Sugar Imports in 2000-2010
- Figure 6.5: China' s Raw Sugar Import Proportions by Country in 2010
- Figure 6.6: China' s Sugar Exports and Trend in 2000-2010
- Figure 6.7: China' s Raw Sugar Exports by Country in 2000-2010
- Figure 6.8: China' s Raw Sugar Export Proportions by Country in 2010
- Figure 6.9: China' s Granulated Sugar Exports in 2000-2010
- Figure 6.10: China' s Granulated Sugar Export Proportions by Country in
2000-2010
- Figure 7.1: China' Starch Sugar Production and Consumption in 2000-2010
- Figure 7.2: China' s Saccharin Output and Domestic Selling Forecast in
2000-2010
- Figure 8.1: Wholesale Price of White Granulated Sugar in Nanning in
1998-2011
- Figure 8.2: The Wholesale Price of White Granulated Sugar of China' s Major
Selling Areas in 1998-2011
- Figure 8.3: China' s Imported White sugar CIF by Month in 2006-2010
- Figure 8.4: China' s Imported Raw Sugar CIF by Month in 2006-2010
- Figure 8.5: Futures Prices of New York No. 11 Raw Sugar in Recent Months
in 1998-2011
- Figure 8.6: Comparison of Domestic Sugar Price and Imported Sugar Price
