Sugar Prices

Sugar prices averaged USD 14.67 cents per pound in December, up 2.5% from November. On 31 December, the commodity traded at USD 14.79 cents per pound, down 0.4% from 28 November.

In December, sugar prices remained close to November’s near five-year low. Expectations of a larger sugar crop leading to higher exports from India, a key global exporter of the commodity, continued to undercut prices. The outlook for record production in Brazil and record global supply forecasted by the USDA also kept a lid on sugar prices.