Sugar Prices

Sugar prices averaged USD 18.89 cents per pound in March, down 1.4% from February. On 31 March, the commodity traded at USD 18.88 cents per pound, up 0.9% from 28 February.

Sugar prices eased in March, largely due to India’s decision to allow sugar exports this year, assuaging market fears over potential restrictions. Easing concerns over drought in top exporter Brazil also weighed on prices. Meanwhile, markets braced for fallout in sugar markets from the global trade war; Brazil’s government anticipates lengthy negotiations with Trump’s administration regarding tariffs on sugar and ethanol exports to the U.S.