Tag Archives: sugar

Raw Sugar Prices Increase

Raw sugar prices are on the rise on fears that world demand will exceed global supply. According to Bloomberg, damaged sugar crops due to a drought in Russia and adverse weather conditions in Brazil and China are responsible for a supply shortage. Sugar - Monthly Price - Commodity Prices

Brazil, India, China, Thailand, Pakistan, Mexico, Colombia, Australia and the United States are the world’s largest sugar producers. Brazil dominates sugar world markets thanks to high demand for sugar-based ethanol.

Sugar Prices in Europe

The absurdities of the European system of sugar subsidies are highlighted today in a New York Times article. Rampant fraud and corruption plague a byzantine system of rules and regulations created to support a program that primarily benefits large multinational corporations. Because of the subsidies, consumers in the European Union pay an average retail price of $0.63 per pound, while the global average is only about $0.36 per pound.

The historical trend of the European wholesale import price can be studied in further detail in our commodities section. Click on the graph below to manipulate and download the data.

Sugar, European import price - Monthly Price - Commodity Prices