The rise in sugar prices: a raw material shortage has led to a significant increase in prices on the global exchanges.

World sugar prices in the 2020-21 season have risen by 48.3%, reaching $0.1815 per pound due to raw material shortages and the use of sugarcane for ethanol production.

19 September 2024

In the past 2020-21 season, world sugar prices significantly surged. This sweet product experienced a raw material shortage during the season. Sugar beet shoots yielded a small crop, and sugarcane was largely used for the production of expensive ethanol. More details on this are reported by "KazakhZerno.kz" publication.

Throughout the 2020-21 season, sugar prices on the ICE exchange rose from 0.1224 to 0.1815 dollars per pound, or by 48.3%.

Sugar dynamics on the ICE exchange in the 2020-21 season

Commodity	Exchange	Unit of measurement	03.07.20	10.02.20	01.01.21	04.02.21	07.02.21	03.07.20-02.07.21 %
Raw sugar	ICE	Dollar/pound	0.1224	0.1355	0.1549	0.1471	0.1815	148.3

1 pound = 0.45359237 kg.

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The rise in sugar prices: a raw material shortage has led to a significant increase in prices on the global exchanges.

World sugar prices in the 2020-21 season have risen by 48.3%, reaching $0.1815 per pound due to raw material shortages and the use of sugarcane for ethanol production.

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