Sugar Price OutlookPrices for sugar inched down over the past month, largely on softer demand conditions. Sugar prices averaged USD 19.5 cents per pound in May, which was down 1.1% from April's price, and was 12.7% higher than in the same month last year. Meanwhile, on 31 May, sugar traded at USD 19.6 cents per pound, which was 1.9% higher than on the same day of the previous month. Sugar prices fell as the energy price rally ran out of steam in May, prompting cane mills in top producer Brazil to boost sugar output at the expense of ethanol—a sugarcane-based biofuel. That said, the supply backdrop remained tight in recent weeks, partly as curbs imposed by India—the country restricted sugar exports to 10 million tones this season—supported prices.
Sugar Price History Data (USD cents per pound, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Sugar Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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