Sugar imports at Tianjin Port doubled in the first five months of this year

According to customs statistics, in the first five months of this year, Tianjin Port imported 117,000 tons of sugar , an increase of 5.
1 times over the same period last year (the same below); the value was 310 million yuan (the same below), an increase of 4.
8 times; the average import price was 2.
6 per kilogram Yuan, down 7.
1%
.

 

1.
Main features of sugar imports in the first five months of this year

 

(1) The monthly import volume fluctuates greatly
.
Since 2020, the monthly sugar imports at Tianjin Port have fluctuated greatly, with the lowest being 2,687 tons in May last year and the highest being 83,000 tons in January this year
.
In May of this year, Tianjin Port imported 11,000 tons of sugar, an increase of 3.
2 times year-on-year and an increase of 73.
7% month-on-month; the value was 35.
4 million yuan, an increase of 3.
5 times year-on-year, an increase of 79.
1% month-on-month; the average import price was 3.
2 yuan per kilogram, an increase of 6.
9% year-on-year.
The month-on-month increase was 3.
1% (below)
.

　　(2) Imported mainly through general trade
.
In the first five months of this year, Tianjin Port imported 85,000 tons of sugar through general trade, an increase of 7.
8%, accounting for 72.
6% of the total sugar imports at Tianjin Port during the same period (the same below)
.

 

　　(3) State-owned enterprises mainly import
.
In the first five months of this year, state-owned enterprises at Tianjin Port imported 81,000 tons of sugar, an increase of 13.
5 times, accounting for 69.
2% of the total sugar imports at Tianjin Port (the same below) during the same period
.

 

　　(4) Mainly imported from Brazil
.
In the first five months of this year, Tianjin Port imported 76,000 tons of sugar from Brazil.
There was no import in the same period last year, accounting for 65.
0% of the total sugar imports at Tianjin Port during the same period
.

 

　　2.
Issues worthy of attention in current sugar imports

 

　　(1) The total amount of sugar import tariff quotas remains unchanged, and the tariff allocation for additional sugar is subject to import reporting management
.
According to the information on the website of the Ministry of Commerce, China implements sugar import tariff quota management.
Since 2004, the total annual tariff quota of sugar imports has been 1.
945 million tons, of which 70% are state-owned trade quotas
.
According to the Ministry of Commerce Announcement No.
23 of 2020, "Announcement on Adjusting the "List of Bulk Agricultural Products Subject to Import Customs Declaration Management"", the additional sugar with tariffs is included in this list, and import report management will be implemented from July 1, 2020.
[1]
.
This is conducive for enterprises to understand the overall situation of China's sugar imports in a comprehensive and timely manner, adjust the pace of imports in a timely manner, avoid concentrated arrivals and blind imports, and reduce the risk of production and operation and market fluctuations
.
China supports enterprises in making full use of the two markets and resources to carry out sugar trade in accordance with laws and regulations; supporting the rational use of existing sugar production capacity, maintaining the coordinated development of the upstream and downstream industrial chains of the industry, and improving the international competitiveness of the industry
.

 

　　(2) The sugar price index rose month-on-month, and international sugar prices rose the same month-on-month
.
On June 3, 2021, the FAO (United Nations Food and Agriculture Organization) released the latest food price index and agricultural product price index.
In May 2021, the FAO food price index averaged 127.
1 points, a month-on-month increase of 5.
8 points, an increase of 4.
8%, a record since 2010 The highest month-on-month increase since October 2008
.
The sugar price index averaged 106.
7 points in May, a month-on-month increase of 6.
8 points and an increase of 6.
8%[2]
.
According to the "Dynamics of Domestic and Foreign Agricultural Products Market in the 19th Week of 2021" issued by the Ministry of Agriculture and Rural Affairs, the weekly average price of raw sugar in the International Sugar Council is 17.
62 cents per pound (388 US dollars per ton), up 1.
2% month-on-month and 61% year-on-year [3]
.

 

　　(3) It is expected that domestic sugar production will increase and consumption will remain stable
.
The Ministry of Agriculture and Rural Affairs released an analysis of the sugar supply and demand situation in May 2021.
The domestic sugar output in 2020/21 was 10.
59 million tons, an increase of 90,000 tons from the previous month.
This was mainly due to the slight increase in Guangxi's sugar cane production than expected; 4.
5 million tons of sugar imports , An increase of 600,000 tons from last month
.
It is estimated that in the year of 2021/22, the sugar planting area in China will be 13.
88 million hectares (20.
82 million mu), a decrease of 65,000 hectares (975,000 mu) from the previous year.
), but the yield of sugarcane planting in the south has improved, the enthusiasm of sugarcane farmers in production has increased, and the area has increased slightly; it is estimated that the sugar output in the year of 2021/22 will be 10.
31 million tons, a decrease of 280,000 tons from the previous year, and the consumption will be 15.
5 million tons, which will remain stable; In 2021/22, the average international sugar price was 15.
0-18.
0 cents per pound, an average increase of 1.
5 cents compared with 2020/21, mainly due to the expected rise in world commodity inflation; domestic sugar prices are affected by factors such as expected reductions in production and increased costs It is estimated that 5300-5800 yuan per ton, with an average value of 100 yuan higher than the previous year[4]
.

 

　　Recommendations for this: First, pay close attention to domestic and foreign sugar price trends and changes in supply and demand; second, encourage the domestic sugar industry to make full use of science and technology, increase investment in science and technology, improve sugar production and management models, and reduce sugar production costs; The domestic sugar planting work during the crushing season, the reasonable control of planting items and planting area, and guiding the healthy development of the domestic sugar industry
.

 

　　[1] Ministry of Commerce of the People's Republic of China, Ministry of Commerce Announcement No.
44 and No.
23 of 2020
.

　　[2] Ministry of Agriculture and Rural Affairs, "FAO Food Price Index Climbs to the Highest Level in Recent Ten Years", June 4, 2021
.

　　[3] Ministry of Agriculture and Rural Affairs, "Dynamics of Domestic and Foreign Agricultural Products Markets in the 19th Week of 2021", June 4, 2021
.