The price of white sugar began to rise at the beginning of 2023, reaching a high of 7,600 yuan/ton in September, and then fell slightly during the new crushing season. High sugar prices are opportunities and challenges.
On the one hand, this creates conditions for the industry to accelerate transformation and upgrading and cope with future risks and challenges; on the other hand, as rising sugar prices drive up the purchase price of raw materials, the cost pressure faced by sugar companies has also increased.