[Sugar imports fall to ten-year lowpokergametableImports are expected to increase significantly in the third quarter] According to the latest data released by the General Administration of Customs, in April 2024pokergametablemy country's sugar imports are about 50,000 tons, a year-on-year decrease of 20,000 tons, setting a record low in the same period in the past decade. Among them, raw sugar imports were 3pokergametable.530,000 tons, and the import volume of white sugar was 1pokergametable.90,000 tons.
Although domestic futures prices fell sharply in the second half of May following the external market, the competitiveness of sugar prices weakened due to active sugar transactions and firm prices in Guangxi in the first half of the month. Since May, the price difference between processed sugar and Guangxi sugar has tightened to around 210 yuan/ton, falling back to the normal range. Analysts expect that a large number of imported raw sugar beyond the quota will arrive in Hong Kong in the third quarter.