|Product Type: Commodity CFD||Market: ICE|
|Currency: USD||Measurement Unit: Pound (lb)|
Description:Sugar is a soft commodity available to trade like similar agricultural products such as rice. Its price is determined as a function of the market as a whole. Sugar is an important raw material for many household names, including confectionery manufacturers, bakery products like Nestle, beverage providers and breakfast cereal manufacturers such as Coca-Cola Company or Kellogg Company.
Around 160 metric tons of sugar are produced every year. The largest producers are Brazil, the European Union and Brazil. The US is the world’s second largest net sugar importer.