Sugar prices averaged USD 21.58 cents per pound in March, down 5.1% from February. On 29 March, the commodity traded at USD 22.24 cents per pound, up 1.4% from 29 February.
Sugar traded lower on average in March than in February, with signs of weakening demand and surging production in Brazil depressing prices at the start of the month. That said, prices trended up later in the month on concerns about unfavorable weather in Brazil’s Center-South region. In addition, reduced production in both India and Thailand, coupled with strong crude oil prices, further supported sugar.
This chart displays Sugar (US¢/lb) from 2022 to 2024.
Sugar ISA (prices in US¢/lb, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Sugar ISA | - | - | - | - | - | 19.35 | 17.93 | 18.34 |