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CFD on the daily spot price of sugar no.11 (SB).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: CommoditySubtype: Agriculture
Country: United States (US)Currency: USD
Trading Hours: According to marketMeasurement Unit: Pound (lb)
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Sugar is a soft commodity available to trade like similar agricultural products such as rice. Its price determines as a function of the market as a whole. Sugar is an essential 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 produced every year. The largest producers are Brazil, the European Union and Brazil. The US is the world’s second-largest net sugar importer.

Interesting Facts:

  • Many governments subsidize their sugar manufacturers to dump cheaply priced sugar in the market.
  • Sugar is a good source for ethanol production, so the demand for ethanol tends to impact the international price of sugar.
  • Around 69% of the world’s sugar consumed in the country of origin, with the rest traded on the markets.