El Niño Fears Keep Raw Sugar Firm; Prices Average 18.37 Cents in September: ISO
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Sugar became one of the most expensive foods in Peru during September and experts point to upcoming rises due to El Niño.
The price of sugar per pound has risen by more than 35 percent to $0.2027 in international markets this year, driven by increasing concerns about supply.
The price of sugar per pound has risen by more than 35% this year to $0.2027, driven by global supply concerns. This week, prices reached their highest level since December 2024, at $0.2124. The rise was driven by factors including rising oil prices, the impact of El Niño on production, India's export restrictions, and increased freight and fertilizer costs.
The price of sugar per pound has risen by over 35% this year to $0.2027, driven by increasing supply concerns. Expert Zafer Ergezen stated that factors such as oil prices, the El Nino effect, and India's restrictions on sugar exports have contributed to the rise, highlighting the increasing supply anxieties.
El Niño fears keep raw sugar firm; prices average 18.37 cents in September: ISO
World raw sugar prices consolidated in September after a strong rally in August, with the International Sugar Agreement (ISA) daily raw sugar price averaging 18.37 US cents per pound, up from 17.36 cents in August, the International Sugar Organization (ISO) said in its September market report. According to the report, the nearby October futures contract […] ChiniMandi
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