Sugar Import Costs and Profit Analysis on March 12, 2026
As of March 12, 2026, calculations based on ICE raw sugar futures and the RMB exchange rate show that the estimated duty-paid cost for Brazilian sugar imported within quota is approximately 4064 RMB/ton, while out-of-quota sugar is 5164 RMB/ton. Compared to Rizhao spot white sugar prices, the estimated profit for in-quota imports is 1556 RMB/ton, and for out-of-quota imports, it is 456 RMB/ton.
On March 12, 2026, key indicators from the global sugar market showed the ICE raw sugar futures contract closing at 14.43 US cents per pound, with the RMB to USD exchange rate at 6.8833. Based on these market figures, we have conducted a detailed estimation of Brazilian sugar import costs and potential profits.
The analysis indicates that under the in-quota import policy, the estimated duty-paid cost for Brazilian sugar after processing is approximately 4064 RMB per ton. For out-of-quota imports, the duty-paid cost rises significantly to 5164 RMB per ton. By comparing these costs with the current spot market prices for white sugar in the Rizhao region, corresponding profit margins can be determined.
Specifically, Brazilian sugar imported within the quota is projected to yield a duty-paid processing profit of 1556 RMB per ton, indicating favorable profitability. In contrast, even with higher costs, out-of-quota Brazilian sugar can still achieve an estimated profit of 456 RMB per ton. These figures provide crucial reference points for market participants to assess the impact of current international sugar price fluctuations on the domestic market and identify potential trading opportunities.