China Sugar Market Price Dynamics on March 12, 2026
On March 12, 2026, domestic sugar prices in China saw a general increase. Spot transaction prices for Guangxi white sugar rose to 5413 yuan/ton, with sugar groups adjusting their quotes up by 10-20 yuan/ton. Yunnan sugar groups also raised their prices, and processing sugar mills quoted between 5630-5900 yuan/ton. Driven by rising futures prices and a 'buy on the rise' sentiment, some traders restocked, leading to good overall market transactions and even secondary quotes from some groups.
On March 12, 2026, China's domestic sugar market experienced a widespread upward trend in prices. The spot transaction price for white sugar in the Guangxi region reached 5413 yuan/ton today, marking an increase of 12 yuan/ton compared to the previous trading day. Concurrently, major sugar manufacturing groups in Guangxi also adjusted their price ranges upwards by 10 to 20 yuan/ton, with current quotes primarily between 5410 and 5510 yuan/ton.
In the southwestern region, Yunnan sugar groups also raised their quotations by 10 yuan/ton, with their latest price range now standing at 5280 to 5330 yuan/ton. Across the country, mainstream processing sugar mills are quoting prices in the range of 5630 to 5900 yuan/ton, with some individual producers implementing minor increases of 10 yuan/ton.
Market analysis indicates that this price surge was primarily influenced by the positive performance of the futures market during the trading session. Driven by the 'buy on the rise, not on the fall' market sentiment, some traders actively engaged in inventory replenishment, boosting the activity in the spot market. Several sugar groups even issued secondary quotes during the day, reflecting a favorable trading atmosphere and satisfactory overall transaction volumes.