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Sugar prices spiked in the 1970s because of Soviet Union demand/hoarding and possible futures contracts market manipulation. The Soviet Union was the largest producer of sugar at the time. In 1974, Coca-Cola switched over to high-fructose corn syrup because of the elevated prices. [6] [7] [verification needed] Sugar prices 1962–2022
Sugar Prices 1962-2022 USD per pound. The sugar industry subsumes the production, processing and marketing of sugars (mostly sucrose and fructose).Globally, about 80% of sugar is extracted from sugar cane, grown predominantly in the tropics, and 20% from sugar beet, grown mostly in temperate climate in North America or Europe.
Finally, there's the only sugar ETF on the market, tracking a benchmark of several sugar futures: Teucrium Sugar Fund. This fund's price managed to make a 2.7% gain year to date -- a middling ...
Thailand reversed a hike in sugar prices within days, imposing price controls for the first time since 2018. Anantasuk said this would discourage farmers from growing sugar by capping their income.
The Refinitiv Equal Weight Commodity Index (formerly known as the Continuous Commodity Index) is a major US barometer of commodity prices. The index comprises 17 commodity futures that are continuously rebalanced: cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, live cattle, live hogs, natural gas, orange juice, platinum, silver, soybeans, Sugar No. 11, and wheat.
Sugar No.11 ICE: IEPA: 112,000 lb SB Sugar No.14 ICE: ... Live Cattle: 40,000 lb (20 tons) ... Commodity Contract size Currency Main exchange;
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.