On the back of rising global supplies, raw sugar prices fell to their lowest level in nearly five months. The sweetener, which rose last year as freight costs rose and severe drought and frosts reduced cane output in top shipper Brazil's Center-South region, is now down more than 10% from a multiyear high reached in November. Rains are improving yield prospects for the Brazil harvest, which begins in April, while second-ranked producer India is harvesting a larger crop and key exporter Thailand is harvesting faster. The premium for March futures over sugar for May delivery has fallen in recent weeks, indicating that supply concerns are easing. On ICE Futures U.S., the March 2022 contract fell as much as 2.1% to 18.36 cents/lb, the lowest for a most-active contract since August 9, 2021.
Procurement Resource provides latest prices of Raw Sugar. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides Raw Sugar prices for several regions around the globe, which are as follows:
About Raw sugar:
Raw sugar refers to sugar before the molasses is separated in the processing of sugar cane. Raw Sugar is known to be a sugar type which retains a small to large amount of molasses from the mother liquor, that is, the partially evaporated sugar cane juice. Thus, it contains all the mineral and acid impurities of the syrup. It is found in shades of brown, with flavours of caramel and smoke. Demerara sugar, Turbinado sugar, and Barbados sugar are some of the types of Raw Sugar.
Natural Brown Sugar
Whole Cane Sugar
Cane Sugar is processed into Raw Sugar by a sequence of operations like harvesting, cutting, crushing, extraction of juice, clarification, evaporation, and crystallisation. In sugar mills, the juice is extracted from the stalks of sugarcane via the process of milling, wherein the cane tissues are disrupted by cutting, grinding or ‘fiberizing’ to extract nearly 95–97% of available sucrose. Then, the obtained juice is filtered, and the clarified juice is concentrated through evaporation into crystalline raw sugar.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).