Why are Sugar No 11 Prices so high?
30-09-2026 - Over the past month, the price of Sugar No 11 has experienced a slight increase, moving from 17.56 ¢/lb to 17.82 ¢/lb. This modest rise suggests potential changes in supply or demand dynamics affecting the raw material's market value. The forecast anticipates a further increase to 18.07 ¢/lb, representing a 0.25 ¢/lb or 1.4% rise from the current price, indicating a generally stable trend with minimal risk of significant price fluctuations.
The forecast presents mixed signals: while 'Supply' and 'Technical' data point to upward price pressure, 'Demand' and 'Flows' suggest downward pressure. The most significant factor is 'Flows,' which has a -0.12 ¢/lb impact, influenced by exchange rates and seaborne trade activities.
According to the October 2023 Market Update from MSF Sugar, the spot ICE11 raw sugar price hit a 12-year high of 27.62 ¢/lb in mid-September, driven by dry weather conditions in India and Thailand. Additionally, future sugar prices for 2024-2026 have increased due to global supply challenges. These developments support the forecasted upward trend in sugar prices.
The forecast presents mixed signals: while 'Supply' and 'Technical' data point to upward price pressure, 'Demand' and 'Flows' suggest downward pressure. The most significant factor is 'Flows,' which has a -0.12 ¢/lb impact, influenced by exchange rates and seaborne trade activities.
According to the October 2023 Market Update from MSF Sugar, the spot ICE11 raw sugar price hit a 12-year high of 27.62 ¢/lb in mid-September, driven by dry weather conditions in India and Thailand. Additionally, future sugar prices for 2024-2026 have increased due to global supply challenges. These developments support the forecasted upward trend in sugar prices.
What is the current / spot price of Sugar No 11?
Sugar No 11 Price Today
September 30, 2026
Current Price
17.82
¢/lb
What is the forecast for the price of Sugar No 11?
Sugar No 11 Price Forecast
September 30, 2026
1 Month Forecast
18.07
¢/lb
1 Year Forecast
20.93
¢/lb
What are the short-term drivers of Sugar No 11 prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Short term price trends - Sugar exports from Australia Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends - Movements in the South Korean Won - EWMA-based technical analysis
What are the long-term drivers of Sugar No 11 prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The net positions of speculators on ICE Br(None) The top contrary drivers for the 1 Year horizon are: - Sugar exports from India - Sugar exports from Germany - Short term price trends - EWMA-based technical analysis
Will the price of Sugar No 11 go up?
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1 Week
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3 Month
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1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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