Global price of Sugar, No. 16, US
PSUGAUSAUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.50
Year-over-Year Change
0.24%
Date Range
1/1/1990 - 4/1/2025
Summary
The 'Global price of Sugar, No. 16, US' trend measures the international market price of raw sugar delivered to the United States. This metric is a key indicator for policymakers and industry analysts tracking global commodity market dynamics.
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
The 'Global price of Sugar, No. 16, US' series tracks the daily price, in U.S. dollars per pound, of raw sugar that meets the specifications for Sugar No. 16 contract on the Intercontinental Exchange (ICE) Futures U.S. exchange. This international benchmark helps assess the broader market conditions for the globally traded commodity.
Methodology
The data is collected by the U.S. Federal Reserve through monitoring of commodity exchange prices.
Historical Context
Economists and policymakers use this price trend to evaluate the state of global agricultural markets and trade flows.
Key Facts
- Sugar is one of the world's most heavily traded agricultural commodities.
- The US is a major global importer of raw sugar.
- Sugar prices fluctuate based on factors like weather, supply, and trade policies.
FAQs
Q: What does this economic trend measure?
A: The 'Global price of Sugar, No. 16, US' series tracks the daily international market price of raw sugar delivered to the United States.
Q: Why is this trend relevant for users or analysts?
A: This price benchmark is a key indicator for policymakers and industry analysts assessing global commodity market dynamics and trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monitoring of commodity exchange prices.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this price trend to evaluate the state of global agricultural markets and inform trade and agricultural policy decisions.
Q: Are there update delays or limitations?
A: The data is published daily without significant delays, providing a timely indicator of global sugar market conditions.
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Citation
U.S. Federal Reserve, Global price of Sugar, No. 16, US (PSUGAUSAUSDQ), retrieved from FRED.