Global price of Sugar, No. 11, World
This dataset tracks global price of sugar, no. 11, world over time.
Latest Value
16.23
Year-over-Year Change
-15.35%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Sugar, No. 11, World tracks the daily price of raw sugar on the global commodity market. This metric is a key indicator for economists and policymakers monitoring food prices and global trade patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the daily closing price of the No. 11 Sugar Futures Contract on the Intercontinental Exchange (ICE). It serves as a global benchmark for raw sugar prices and is widely used to analyze trends in agricultural commodity markets.
Methodology
The data is collected by the U.S. Federal Reserve from the daily settlement prices reported by the ICE.
Historical Context
Sugar prices are closely watched by governments, food companies, and traders as they impact food inflation, production decisions, and international trade flows.
Key Facts
- Sugar is one of the world's most widely traded agricultural commodities.
- Raw sugar prices can impact the cost of many consumer food products.
- Global sugar production and consumption patterns heavily influence prices.
FAQs
Q: What does this economic trend measure?
A: This series tracks the daily closing price of the global benchmark for raw sugar, the No. 11 Sugar Futures Contract on the Intercontinental Exchange (ICE).
Q: Why is this trend relevant for users or analysts?
A: Sugar prices are a key indicator for economists and policymakers monitoring food inflation, agricultural trade patterns, and the production decisions of food companies and farmers.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects the daily settlement prices reported by the ICE for the No. 11 Sugar Futures Contract.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international organizations use global sugar price data to inform policies related to food security, trade, and agricultural subsidies.
Q: Are there update delays or limitations?
A: The data is reported daily, with a typical 1-2 day delay, and represents the global benchmark price rather than local or regional variations.
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Citation
U.S. Federal Reserve, Global price of Sugar, No. 11, World (PSUGAISAUSDM), retrieved from FRED.