Cotton Prices Hit A Record High After &Nbsp; Silk Also Followed Suit.

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The latest data from Guangxi sugar net show that the wholesale price of sugar has exceeded 6000 yuan / ton in Xi'an, Wuhan, Shanghai, Harbin and other major sugar consuming cities.

The futures market is also booming.

Although October 8th is facing a two-day weekend,

Guangxi is the largest sugar producing province in China. From 2009 to 2010, sugar production in Guangxi accounted for 66% of China's sugar production. Guangxi's sugar price has always been the vane of China's sugar price.

Qiu Dong, deputy director of the the Guangxi Zhuang Autonomous Region engineering and Information Commission, said in a media interview that the price of sugar began to rebound at the end of 2008. From the lowest 2700 yuan / ton, it continued to explore 3000 yuan / ton and 4000 yuan / ton. At the end of 2009, the price of sugar had been at a high level after breaking through the 5000 yuan / ton mark.

Qiu Dong pointed out that the current sugar price, compared with the same period last year, has risen 70%.

The price of sugar cane in Guangxi is tied up with the price of sugar. At present prices, Guangxi's sugar cane growers expect to increase about 100 yuan per ton of cane this year.

Qiu Dong believes that China's sugar prices have been rising for a long time. The main reason for the reduction of cane production in Guangxi is the main sugar producing area.

Statistics provided by the Guangxi Department of agriculture showed that Guangxi suffered severe drought this year, the worst affected area was about 4000000 mu.

Because of the serious disaster, the reduction of sucrose from 2010 to 2011 is inevitable.

The surge in sugar prices in the wholesale market has also led to a rise in the price of the consumer terminal market.

As the main sugar producing area in Guangxi, Guilin, Nanning, Liuzhou and other places, as early as the eve of the Spring Festival in 2009, the price of sugar has been 8 to 9 yuan per kilogram. Since September, the prices of some supermarkets have even risen to 11 yuan per kilogram.

In September 30th, the Ministry of Commerce announced the rules for the application and allocation of tariff quotas for sugar in 2011. In 2011, the quota of sugar import tariff was 194.5 tons, of which 70% was the state trading quota.

The number of imports indicates that the domestic demand is far greater than the supply level, and the domestic sugar is far from self-sufficiency.

Some economists believe that, in the premise that some commodity prices have become a well-known trend, consumers have certain psychological endurance to the rise of sugar prices. Therefore, the rise in prices will not give consumers the signal of "insufficient supply", and "panic buying tide" will not appear.