Sugar Import Cost and Profit Analysis as of April 8, 2026
As of April 8, 2026, calculations based on ICE raw sugar futures and the RMB exchange rate show that the estimated processing and tax-paid cost for Brazilian sugar within quota is approximately 3983 RMB/ton, while out-of-quota sugar costs around 5058 RMB/ton. Compared to Rizhao spot white sugar prices, the estimated profit for in-quota imported sugar is 1547 RMB/ton, and for out-of-quota sugar, it is about 472 RMB/ton.
On April 8, 2026, key global sugar market indicators showed the ICE raw sugar futures contract closing at 14.26 US cents per pound, with the RMB to USD exchange rate at 6.8360. Utilizing these figures, we have conducted a detailed estimation of the import costs and potential profits for Brazilian sugar.
The analysis reveals that under the quota management framework, the estimated cost for Brazilian raw sugar, after processing and tax payment, stands at approximately 3983 RMB per ton. For Brazilian sugar imported beyond the quota limits, the estimated cost after processing and tax payment increases significantly to about 5058 RMB per ton. These cost figures provide a fundamental basis for assessing the market competitiveness of imported sugar.
Further comparison of these costs with current spot white sugar prices in the Rizhao region sheds light on the profit margins for imported sugar. Specifically, in-quota Brazilian sugar, after processing and tax payment, is estimated to yield a profit of up to 1547 RMB per ton. In contrast, out-of-quota Brazilian sugar, despite its higher cost, is still estimated to generate a profit of approximately 472 RMB per ton. These figures illustrate the impact of different quota policies on the profitability of sugar trade within the current market environment.