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English: World raw sugar prices since 1960 with selected production/use/policy notes. Prices from 1960 to 2010 are ICE spot sugar prices. Prices from 2011 onward are ICE contract 11 nearby futures prices. Data compiled by the USDA.
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Economic decline continued during this debate, and by 1963, sugar production was down by over a third of its 1961 level. [31] The sugar harvest of that year only brought in 3.8 million tons, the lowest harvest in Cuba in over twenty years. [35] General food production was also down per capita by 40% for the next three years. [36]
Sugar worldwide is trading at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand, the world's second- and third ...
The trade-weighted FAO Food Price Index is technically a price index and is calculated using the Laspeyres formula. It documents the development of world market prices of 24 agricultural commodities and foodstuffs in U.S. dollars. Foodstuffs have been grouped by the Food and Agriculture Organization (FAO) of the United Nations into five ...
For companies in the candy-making business, low sugar prices overseas are making it more attractive to move their manufacturing facilities out of the U.S. Countries like Malaysia and Guatemala are ...
The Real Price Index is the Nominal Price Index deflated by the World Bank Manufactures Unit Value Index (MUV). Years 2014–2016 is 100. Food prices refer to the average price level for food across countries, regions and on a global scale. [1] Food prices affect producers and consumers of food.
Cuba and the Soviet Union signed a long-term trade agreement in January 1964 that allowed for the export of 24 million tons of sugar at a fixed price of 6.11 cents per pound from 1965 to 1970. Due to decreasing sugar prices after 1963, the Soviet Union paid almost twice the world price of sugar.