Welcome to the September issue of Sweeteners China News (Vol. 4 Issue 9 2014).
The topic of this month is that domestic sucrose industry is suffering huge pressure from high inventory.
Domestic sucrose extraction season of 2013/2014 is about to end on 30 Sept. However, by the end of Aug., domestic sucrose had a low sales volume and high inventory exerted huge pressure on the enterprises. Under this circumstance, in order to revitalize domestic sucrose industry, the government was going to launch the target price management policy. From the international perspective, the oversupply of sucrose was the main reason why international sucrose could not see an upsurge in price. At present, Brazil and Thailand governments also put forward dozens of preferential policies to boost the sucrose industry.
The domestic market price of sucrose kept falling, therefore starch sugar enterprises should cut price to maintain competitiveness. However, due to the soaring prices of raw materials, these enterprises had to push up starch sugar’s ex-works price.
Unlike the looming sucrose and starch sugar industries, domestic functional oligosaccharide industry demonstrated a strong momentum. Some functional oligosaccharide enterprises continuously expanded their sales channels of end-products. In addition, several new end-products were developed successively.
To be noticed,the RMB/USD exchange rate in this issue is 6.1680 while HKD/USD is 7.7503 (source:The People’s Bank of China), and all the prices mentioned in this newsletter include the VAT unless otherwise specified. If there are any specific topics you would like us to cover or any subjects you would like us to investigate in more details, please contact us by +86-20-3761 6606, or econtact@cnchemicals.com.
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