Global sugar prices hit record high in August
Global sugar prices have risen to their highest level since April 2025.
Consensus
- Global sugar prices reached a maximum level since April 2025.
- Prices rose significantly in August, with a 26.5% increase from the start of the month.
- The ICE Futures October sugar futures contract reached 18.54 cents per pound.
- In Russia, sugar prices increased by 1.6% in the week of August 18–24.
- The Federal Antimonopoly Service (FAS) reported price reductions in sugar in six Russian regions due to agreements between regional authorities and market participants.
Points of divergence
- The October sugar futures contract reached 18.54 US cents per pound, the highest since April 8, 2025. — vedomosti
- Sugar prices reached 17.58 US cents per pound, the last time this level was seen was May 2025. — tg_rian_ru
- The FAS reported price reductions in sugar in 14 Russian regions, including Kurgan, Orenburg, Rostov, Lipetsk, Ulyanovsk, Oryol, Penza, Volgograd, Kaluga, Ivanovo, Karelia, Komi, Crimea, and Tuva. — vedomosti
- No mention of regional price reductions or FAS agreements. — tg_rian_ru
Coverage (2 sources)
- Global sugar prices rose to the maximum level since April 2025 — Ведомости
- Sugar prices rise – global prices set more than a year record. On the exchange, cost increased to 17.58 cents per pound – po... — РИА Новости (Telegram)