Raw sugar futures on ICE traded around 20 cents per lb, close to levels not seen since early 2017, benefiting from a global surge in energy prices that prompted cane mills in Brazil to raise the output of ethanol at the expense of sugar. Dealers also believe the demand should pick up in the next few months as consumers must soon replenish their stocks. The US is expected to import 3.21 million short tonnes for the 2021-22 season, an increase from the prior estimate of 3.13 million, according to the USDA.

Historically, Sugar reached an all time high of 65.20 in November of 1974. Sugar - data, forecasts, historical chart - was last updated on October of 2021.

Sugar is expected to trade at 20.22 Cents/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 22.26 in 12 months time.

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Sugar


Price Day Month Year
Soybeans 1,217.75 11.5000 0.95% -6.04% 15.89%
Wheat 734.00 9.2500 1.28% 2.95% 17.39%
Lumber 755.00 -17.00 -2.20% 27.13% 41.39%
Cheese 1.78 0.0040 0.23% 7.94% -21.55%
Palm Oil 4,961.00 84.00 1.72% 16.43% 72.86%
Milk 17.94 0.02 0.11% 8.01% -16.09%
Cocoa 2,607.00 23.00 0.89% -1.88% 10.42%
Cotton 107.33 0.23 0.21% 14.90% 53.50%
Rubber 210.50 1.00 0.48% 9.64% -10.65%
Orange Juice 121.05 -2.05 -1.67% -15.05% 5.17%
Coffee 203.35 -5.90 -2.82% 9.56% 89.60%
Oat 660.25 25.0000 3.94% 19.72% 124.19%
Wool 1,323.00 0 0% -2.15% 18.44%
Rice 13.86 -0.0150 -0.11% 1.24% 11.96%
Canola 912.80 2.60 0.29% 4.26% 73.21%
Sugar 19.77 0.18 0.92% 1.44% 37.01%
Tea 2.96 0 0% 8.42% 10.45%
Corn 526.50 9.7500 1.89% -0.57% 30.97%


Sugar
The Sugar No. 11 contract is the world benchmark contract for raw sugar trading and is available on The Intercontinental Exchange (ICE). The size of each contract is 112,000 pounds. The biggest producer and exporter of sugar in the world is Brazil (21% of total production and 45% of total exports). A significant amount of sugar is also produced in India, European Union, China, Thailand and the United States. The sugar prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.