China sugar Market Review & Outlook Proposal 2010-2011

Date: February 22, 2011
Pages: 85
Price:
US$ 2,000.00
Publisher: Beijing Orient Agribusiness Consultant Co., Ltd
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: CA464FF816FEN
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China sugar Market Review & Outlook Proposal 2010-2011
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.
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
  5.1.2China’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
  6.4.1 China’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

8.1 China’s Domestic Sugar Price
  8.1.1The 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
  8.2.1Futures Prices of New York No. 11 Raw Sugar in Recent Months in 2000-2011
  8.2.2Comparison 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
Table 3.1 China’s Sugarcane Planting Area in 2000/01-2010/11 Grinding Season
Table 3.2 China’s Sugarcane Output in 2000/01-2010/11 Grinding Season
Table 3.3 China’s Sugar Beet Planting Area in 2000/01-2010/11 Grinding Season
Table 3.4 China’s Sugar Beet Output in 2000/01-2010/11 Grinding Season
Table 3.5 China’s Sugarcane Planting Area by Province in 2000/01-2010/11 Grinding Season
Table 3.6 China’s Sugarcane Per Unit Yield by Province in 2000/01-2010/11 Grinding Season
Table 3.7 China’s Sugarcane Output by Province in 2000/01-2010/11 Grinding Season
Table 3.8 Major Sugarcane Planting Varieties of Yunnan
Table 3.9 Major Sugarcane Planting Varieties of Guangxi
Table 3.10 Major Sugarcane Planting Varieties of Guangdong
Table 3.11 Arable Land Area of China Major Sugarcane Producing Provinces in 2004-2010
Table 3.12 China’s Sugar Beet Planting Area by Province in 2000/01-2010/11 Grinding Season
Table 3.13 China’s Sugar Beet Per Unit Yield by Province in 2000/01-2010/11 Grinding Season
Table 3.14 China’s Sugar Beet Output by Province in 2000/01-2010/11 Grinding Season
Table 3.15 Major Sugar Beet Planting Varieties of Xinjiang
Table 3.16 Major Sugar Beet Planting Varieties of Inner Mongolia
Table 3.17 Major Sugar Beet Planting Varieties of Heilongjiang
Table 3.18 Arable Land Area of China’s Major Sugar Beet Producing Provinces in 2004-2010
Table 3.19 Sugarcane Purchasing Price in Main Sugarcane Producing Provinces in 2000/01-2010/11 Grinding Season
Table 3.20 Sugar Beet Purchasing Price in Main Sugar Beet Producing Provinces in 2000/01-2010/11 Grinding Season
Table 4.1 China’s Sugar Output in 1999/00-2010/11 Grinding Season
Table 4.2 China’s Cane Sugar Output by Province in 1999/00-2010/11 Grinding Season
Table 4.3 China’s Beet Sugar Output by Province in 1999/00-2010/11 Grinding Season
Table 4.4 Quantity of China’s Sugar Mills by Province
Table 4.5 Sugar Materials Daily Grinding Capacity of All Provinces in 2009/10 Grinding Season
Table 4.6 Sugar Production Cost of Guangxi in 2003/04-2009/10 Grinding Season
Table 4.7 Sugar Production Cost of Guangdong in 2003/04-2009/10 Grinding Season
Table 4.8 Sugar Production Cost of Yunnan in 2003/04-2009/10 Grinding Season
Table 4.9 Sugar Production Cost of Xinjiang in 2003/04-2009/10 Grinding Season
Table 4.10 Sugar Production Cost of Heilongjiang in 2003/04-2009/10 Grinding Season
Table 4.11 Sugar Production Cost of Inner Mongolia in 2003/04-2009/10 Grinding Season
Table 4.12 Cane Sugar Output Ratio of Main Sugarcane Producing Provinces in 1997/98-2009/10 Grinding Season
Table 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
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