Sugar Import Cost and Profit Analysis as of March 13, 2026
As of March 13, 2026, the ICE raw sugar futures closed at 14.41 cents/lb, with the CNY exchange rate at 6.9043. Calculations indicate that the estimated landed cost for in-quota Brazilian sugar, including duties, is 4055 RMB/ton, while out-of-quota sugar is 5153 RMB/ton. Compared to Rizhao spot white sugar prices, the estimated processing profit for in-quota Brazilian sugar is 1565 RMB/ton, and for out-of-quota sugar, it is 467 RMB/ton.
On March 13, 2026, global sugar market dynamics drew significant attention. On this day, the ICE raw sugar futures contract closed at 14.41 cents per pound, with the RMB to USD exchange rate standing at 6.9043.
Based on the aforementioned market data, we conducted a detailed estimation of the import costs and profits for Brazilian sugar. The results indicate that, within the quota management framework, the estimated landed cost for Brazilian raw sugar, after processing into white sugar and including all duties, is 4055 RMB per ton. For Brazilian raw sugar imported beyond the quota, the estimated landed cost, including duties, significantly increases to 5153 RMB per ton.
Further analysis of profitability, when compared to the current spot white sugar prices in the Rizhao region, suggests that in-quota imported Brazilian sugar is expected to yield a profit of 1565 RMB per ton after processing and duties. In contrast, the profit margin for out-of-quota imported Brazilian sugar, after processing and duties, narrows to 467 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.