The United Nations Food and Agriculture Organization reported that global food commodity prices reached their highest level in more than two years in July, influenced by the rise in international meat and vegetable oil prices, with the food price index at 130.1 points, a 1.6% increase from June. Although lower than the peak in 2022, the rise in meat and vegetable oil prices offset the decline in prices of other food categories.

Jin10 data reported on May 2, due to the dual factors of improved supply outlook and weak demand putting pressure on the market, raw sugar futures are heading towards a weekly decline after hitting a four-year low. The most active contract in the New York market once fell by 1.1%, to 16.97 cents per pound, the lowest level since mid-July 2021. This week, sugar futures prices have fallen by about 6%, as Brazil reported a good start to its crushing season, leading to market expectations of oversupply.

Eli Lilly Announces Positive Results from ACHIEVE-1 Clinical Study, Orforglipron Is Safe and Effective in Patients With Type 2 Diabetes. Orforglipron is the first oral GLP-1 receptor agonist without dietary restrictions. It is expected to submit a marketing application for weight management by the end of this year and a marketing application for the treatment of diabetes in 2026.

On January 3, Jinshi Data reported that the Food Price Index for 2024 was 122.0, a decrease of 2.1% compared to the previous year. The main reason is the significant drop in the prices of grains and sugar, while the prices of vegetable oil, dairy products, and meat have pumped slightly, but the impact is not significant. In addition, the data released by the Food and Agriculture Organization shows that the Food Price Index for December 2024 was 127.0, a decrease of 0.5% compared to the previous month, and a pump of 6.7% compared to the previous year. The main reason is the decline in sugar prices.

The Food and Agriculture Organization of the United Nations (FAO) announced on October 4th that the global food price index for September was 124.4, up pump 3% month-on-month, the largest increase in 18 months, and up pump 2.1% year-on-year. In September, the prices of most food categories rose, with the highest increase in sugar, up pump 10.4% month-on-month, followed by grains up pump 3%, vegetable oil up pump 4.6%, dairy products up pump 3.8%, and meat up pump 0.4%.

ICE sugar futures prices broke through 19.82, confirming the path for further upward movement in the next stage, with the next target at 20.55 to 21.35. Intraday trading is dominated by a bullish trend, but falling below 19.82 will halt the rise and the price may turn downward. Today's trading range is between 19.90 and 20.70.

Brazilian President Lula convened a cabinet meeting to discuss countermeasures against the 50% tariffs imposed by the United States, deciding to establish a working group to respond. Experts point out that this policy could significantly affect food prices in the United States.

On March 27, Huakang announced that it intends to purchase 100% of the shares of Yuxin Sugar Alcohol held by Zhang Qibin, Tan Ruiqing, Tangyin Yuxin and Tan Jingzhong through a combination of issuing shares and paying cash, with a transaction price of 1.098 billion yuan.

During the first half of July, sugar production in the central and southern regions of Brazil decreased by 9.7% year-on-year, leading to a sharp rise in ICE raw sugar futures. What will be the subsequent trend of sugar prices?

The latest analysis from Economies.com's analysts: ICE sugar prices have successfully reached our expected target of 18.00. It is expected that the downtrend will resume today, and the next target for the decline can be seen at the low point of 17.35. We expect further decline in the intraday and short term basis. At the same time, it should be noted that breaking through 18.45 will stop the current downward pressure and guide the price to start attempting to rebound intraday. The trading range for today is expected to be between the support level of 17.50 and the resistance level of 18.30.

Jin10 reported on April 8 that the Indonesian President stated on Tuesday that there is no need to set import quotas for goods closely related to people's livelihoods. Indonesia had previously implemented import quotas for commodities such as rice, corn, sugar, and beef.

ICE sugar futures hit an eight-week low, how about the subsequent PA?

Jinshi data news on February 17th, Bairong Chuangyuan released its 2024 performance report, with a total operating income of 1.152 billion yuan in 2024, a rise of 32.64% year-on-year; a net profit of 249 million yuan, a rise of 29.2% year-on-year; and a basic earnings per share of 0.77 yuan. During the reporting period, the increase in demand from domestic and foreign customers led to an increase in the company's product sales; in May 2024, the company's 'annual output of 30,000 tons of soluble dietary fiber project' and 'annual output of 15,000 tons of crystalline sugar project' were put into production, and the release of production capacity drove the increase in sales and revenue.

On January 4th, Jinshi Data reported that the Food and Agriculture Organization of the United Nations (FAO) released a new report on the 3rd, showing that the average FAO food price index for 2024 is 122 points, a decrease of 2.1% compared to 2023, mainly due to the decline in grain and sugar prices. The FAO believes that the decline in the grain price index in 2024 is mainly due to the downward trend in wheat and coarse grain prices, and the decline in the sugar price index is mainly due to Brazil's record high sugar exports in 2024, as well as the optimistic outlook for sugar supply in the market. The report pointed out that driven by the prices of dairy products, meat, and vegetable oils, the FAO food price index showed a stable rise trend in most months of 2024, but overall it was still lower than the level in 2023. Among them, the FAO grain price index in 2024 decreased by 13.3% compared to 2023, and the sugar price index decreased by 13.2% compared to 2023.

Sugar Fundamental Analysis: ICE raw sugar continues to fall! Worries about global sugar oversupply have resurfaced. Will sugar prices collapse?

The sugar Market Maker contract exploded the capital bomb in the early and late trading sessions, and the market volume pumped! The proportion of main buying funds is relatively high! Pay attention to the sustainability of the afternoon market. More attention to the capital flow of popular varieties.

The ICE raw sugar price tested the support line of the intraday bullish channel, and fell under the influence of the stochastic indicator. It is expected to resume the intraday bullish trend, with a target of 19.82, and a breakthrough could go to 20.55 and 21.35. EMA50 supports the bullish view, with the trend effective above 18.90. The expected trading range is between 19.25 and 20.00.

The slowing growth of sugarcane crushing and sugar production in Brazil, what are the reasons?

Daily technical summary of foreign futures varieties, among which 9 futures varieties such as CBOT soybeans, WTI crude oil, ICE raw sugar have long opportunities.