Overnight, raw sugar futures plummeted to 19 cents. Domestic white sugar futures followed a sharp decline in early trading today. In the morning, the main 2,701 contract fell 71 points, or 1.33%. The transaction price was 5,279 yuan/ton, up to 5,297 yuan, and the lowest was 5,236 yuan. As of press release this morning, the prices of Guangxi sugar companies and distributors ranged from 5120-5170 yuan/ton to about 20 yuan per ton compared to yesterday's prices. This morning, Yunnan sugar companies and distributors quoted 5020-5050 yuan/ton in the Kunming market, down about 40 yuan per ton from yesterday's price; pickup prices at first-class white sugar warehouses in the Dali and Xiangyun regions were lowered to 4965-5,000 yuan/ton.

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