"Gao Gaozong" became "Xuanxuanzong" Mysterious funds drove up the price of sugar

"Sugar Kozong"! "Sugar Emperor"! With fierce sugar prices, netizens invented new words.

With the continued flooding of liquidity, prices of agricultural products have risen as wild horses have risen. Once the price of sugar was not spared, it was a new hot money loot. The original low-key white sugar suddenly slammed into force and the price skyrocketed, breaking through 7,000 yuan per ton, and setting a record high.

6000, 6500, 7000, 7400! Since breaking through 6,000 yuan/tonne on October 9, the spot price of Guangxi Nanning, the country's largest sugar producing region, has been overwhelming again and again. No one knows when this dislocated "wild horse" will stop.

In Hangzhou supermarket, the retail price of sugar has risen to 5 yuan/kg. Thanks to the hedging of the previous purchase season, this year's ice cream, ice cream and other cold drink desserts have not yet risen, and now costs are repeatedly high, and downstream sugar companies have the best reasons for rising prices. Sugar-related sweets, chocolates and other products have already begun to raise their prices. New prospects who are married at the end of the year are experiencing sweet troubles.

No one wants to manipulate the trend to profit. The phantasmagoria, who is framed "Sugar Gaozong"?

A kind of sugar cane is a big sugarcane planter, inciting all forces to come to the small town of south of Guangxi. Chongzuo, adjacent to Nanning, the new "China Sugar Capital". 20% of the country's sucrose is produced here.

"More and more people have come to Chongzuo recently, and the sale of sugar is coming. Look at futures. There are many of you in Zhejiang, Wenzhou in Hangzhou, and people in Shanghai.” Guangxi Yongkai Sugar Industry Co., Ltd. Lian Haifeng, deputy general manager of the responsible company's Zuojiang branch in charge of production, said.

Guangxi is the country's major sugar producing area, with sugar production accounting for over 70% of the country's total. Chongzuo, known as the "Sugar Capital of China,” is Guangxi's largest sugar cane producing area, accounting for nearly 20% of the national sugar production.

In Chongzuo, the cane sugar industry is the pillar industry here, and anyone on the street will encounter sugarcane.

On the morning after the arrival, we took a Guilin rice noodle on Jianshe Road in Chongzuo Jiangzhou District and had a large variety of sugar cane across the street. "There are 1,000 acres in the home, and this year's harvest is good, probably earning millions of yuan." The large, low-keyed family swept away a bowl of beef rice noodles and gently walked away.

The “cut of production” in the “B” production seems to be singing and dancing, but it has nothing to do with the upstream sugarcane farmers and the intermediate wholesaler.

In some of the wholesale markets we interviewed, there are some sugar dealers that sell almost no sugar. The prices are too high and they are too high to purchase. Just think, if a "fashion" magazine suddenly purchase 200, the small newspaper stalls dare to come in and sell, and lost all in the hands. Zheng, the sugar trader from Chongzuo, simply started the cassava starch business.

Analysts and industry experts analyze the causes of soaring sugar prices from future supply and demand, meteorological disasters, and hot money speculation, and predict that the uptrend will continue for some time. Since the first half of the year, drought reduction has been the mainstream rhetoric, supporting the bullish price of sugar. So, is that true?

In three days, this reporter went to the trading market in Nanning, Guangxi, the sugar producing hinterland of Chongzuo, interviewing sugarcane farmers, sugar factories, wholesale markets, and traders. In the survey, it was discovered that the drought reduction of one product was actually a dismissal of the interest group's hype. "Chongzuo," China's sugar capital, most of the sugarcane base not only did not reduce production, but many sugarcane areas have instead increased income. The whole Guangxi is probably the case.

So who is behind the scenes?

Gui Guang, chairman of Guangxi Sugar Association, said: To understand the behind-the-scenes causes of the soaring price of sugar, you can seek answers from sugarcane farmers.

Guangxi's sugarcane farmers said: Not us, we just look at the day to eat, raw material cane purchase price is set by the country ... ... to make big money is the sugar mill.

The sugar factory said unanimously that it is not us. This year, the price of sugar is below 5,000 yuan/ton. Our sugar is basically gone. Traders and wholesalers said: We are only porters in sugar factories...

Like other agricultural products, the soaring price of sugar is also considered to be related to the involvement of hot money. Some experts stressed that the key reason for soaring sugar prices is not that supply cannot meet demand, but that the gap between supply and demand is infinitely amplified by various factors. Not long ago, the stockpile, which was designed to curb price increases, had inadvertently become an incentive for rising sugar prices.

At the end of the investigation interview, the spearhead unanimously pointed to the mysterious speculative funds and the interest groups involved in the sugar ensconced the city to control the city and took profits from it. In the controversy of whether or not to squeeze bubbles, speculative funds swarmed into the market, competing for second-second grabs, left-handed futures, right-handed stocks, and large funds to make room for change, pushing the “cart-boat” and pushing the sugar master to become "Gao Gaozong" turns into "Huan Xuanzong."

Qiu Feng Jin, squeeze season. Yesterday at 10 o'clock in the morning, the Yangming sugar factory of Nanning Sugar Co., Ltd. officially entered the sugar cane pressing and pressing, and Guangxi's 2010/2011 production of sugar crops for the crop season began. Is this a short straw or long helper? With the upcoming new sugar, crazy sugar prices will choose to go up or down, wait and see.