Value promotion of nanning sugar sugar industry

Global sugar demand-Sun Xia securities, the World Sugar Organization (ISO) forecast for this season's global sugar production also continued to decline, from last November expected 162.3 million tons, to the recent 156.6 million tons. The ISO expects global sugar consumption to reach 164.4 million tonnes, and the global sugar gap in 08/09 squeezed season to 7.8 million tonnes.　　ISO predicts that the global sugar market in the 09/10 squeeze season will still show a shortfall of 4.9 million tonnes. India's sharp decline in sugar production is the main reason. Sugar production in India is expected to fall by 44% per cent year-on-year, reaching only 14.8 million tonnes in 08/09, and a 09/10-year initial inventory of 1.8 million tonnes. Isma predicts India's sugar production is expected to rebound to 20 million tonnes in 09/10.　　But even with inventories at the beginning of the year, it may still be unable to meet the domestic demand for nearly 22.5 million tonnes of annual consumption. Sugar Price Center will gradually move up the sugar Association data show that 08/09 years of sugar production has come to an end, in addition to 1 in Guangdong, Guangxi 1 and Yunnan a few sugar factories have not yet stopped, other sugar factories have been stopped squeezed. 08/09 season sugar yield reached the expected value of sugar Association.　　At the end of last month, a more consistent view at the Sugar Society conference was a 2.5 million-ton cut in production, slightly exceeding expectations. By the end of April, the national sugar cumulative production and marketing rate was 54.47%, up 1.6% from the same period last year. The increase of production and sales rate does not exclude the replenishment of intermediary traders.　　With the coming of the consumption season of downstream enterprises, the progress of sugar sales will be accelerated. Sugar consumption is divided into industrial sugar and household consumption, the proportion of which accounted for 70%, 30% respectively. The average growth rate of sugar consumption in the past 10 years is about 5%. The change of sugar consumption mainly lies in industrial consumption. The main industrial consumption for beverages, cakes, sweets, the total accounted for about 60%. 2009 1-March except for biscuits because of the high base last year, carbonated beverages for consumption off-season and negative growth, the other are positive growth, but the production of sugar-containing food year-on-year growth rate increased.　　According to a rough calculation of the growth rate of each sugar-containing food, sales are expected to be roughly the same as the upper squeeze season. 08/09 squeeze season sugar supply and demand will appear tight balance or a slight gap. 09/10 pressed season sugar will be less than demand. Mainly because: with the increase of the minimum purchase price of unprocessed, the benefit ratio of sugarcane planting decreases, which leads to the decrease of sugarcane planting area; the drought at the beginning of the year had an impact on sugarcane cultivation; According to the Sugar 5-6-year cycle (one cycle shows 2-3 years of production and 2-3 years of production), Sugar will still　　And sugar consumption is rigid, will continue to maintain a small growth trend. The current yield is clear, the trend of sugar prices mainly to see consumption. The newly released April cumulative production and sales rate was higher than the same period last year, but also higher than the general expectations of the market; the cumulative yield of sugar-containing foods in the first 3 months was also more optimistic.　　From the above analysis of sugar supply and demand, sugar price center will gradually move up, 2009 years will be the highest or can reach 4000 yuan/ton. Sugar price rises increase profit mechanism sugar business is nanning sugar main business incomeand the main source of profits, respectively, accounted for 56%, 55%. 2008 company mechanism sugar revenue rose slightly by 1.66%, and profits fell by 29%.　　2008 Annual sales of 630,200 tons, including a tax average of about 3400 yuan/ton. Sugar prices continued to rise in the first quarter of 2009, but most of the time was below the cost price.　　Nanning sugar in the first quarter of the sales average price lower than last year. With the peak of consumption, sugar prices will continue to rise, 2009 annual sales price may reach 3700 yuan/ton. The company is expected to cut sugar production by around 25%, plus last year's inventory of 110,000 tons, the company's annual sales volume of about 630,000 tons. The company's 2010 sugarcane planting area plan was flat last year. Under the assumption that sugarcane grows better than last year, sugar production increased by 10% in 2010.　　Based on the previous analysis of sugar supply and demand, it is expected to continue to rise next year, the annual average price of 3900 yuan/ton. Company mechanism the cost of sugar is mainly reflected in the raw material sugar cane. Nearly three squeeze season in Guangxi, the guidance of sugarcane purchase price is 260 yuan/ton, variety subsidy 15 yuan/ton.　　According to the 12.5% sugar yield, the cost of sugarcane acquisition is about 85% of the total cost. The cost of 2009 tons of sugar-consuming auxiliary materials declined. But due to the time delay, storage costs increased, the company ton of sugar unit costs rise, is expected to 2009 tons of sugar unit costs increased by 40 yuan, 2010 and 2008 flat.　　As sugar prices rise, the level of corporate profits will increase. The company expects 2009 and 2010 earnings per share to be 0.52 and 0.90 yuan.