Raw Sugar Price Trend and Forecast

Name: Raw Sugar Price Trend and Forecast
Creator: Procurement Resource
License: https://www.procurementresource.com/term-and-condition/
Keywords: Raw Sugar Price Trend, Raw Sugar Price, Raw Sugar

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Regional Price Overview

Get the latest insights on price movement and trend analysis of Raw Sugar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Raw Sugar Price Trend for the Second Half of 2023

Swift fluctuations were experienced in the raw sugar market during the second half of the year 2023. Prices in the global market went from 24 USD/lb to approx. 22 USD/lb from July to December of 2023.

Raw Sugar Price Chart

Raw Sugar Price Trends

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Fluctuations in this price trajectory were minimal and confined. The peak was seen in November as the impending Christmas holidays pulled the demands from downstream food and beverage industries.

On the other hand, In the US market, the prices went from around 0.39 USD/lb to 0.44 USD/lb from the month of July to December as initially it was high demands that pushed the price graph upwards, and then the freight disturbances caused the difficulties in procurement, raising the prices.

Analyst Insight

According to Procurement Resource, Raw Sugar prices are likely to vacillate within confined limits going forward as well. Not much change is anticipated in the global raw sugar prices; the market will strive for further stabilization.

Raw Sugar Price Trend for the First Half of 2023

Raw Sugar experienced a surge in prices during the first two quarters of 2023. Constricted supplies were the primary reason bullish trend were observed in the Raw Sugar market. Indian sugarcane harvest took a major hit because of uneven and unseasonal rainfall patterns. This forced the Indian Government to limit the sugar exports in order to maintain the domestic supplies.

This step by the major exporting economy created havoc, and the Raw Sugar prices surged by about 17% in the US market and stood at around 910 USD/lb (Spot FD), while a surge of around 13% was observed in the Brazilian Raw Sugar market. Overall, bullish market trend were observed.

Analyst Insight

According to Procurement Resource, the Raw Sugar price trend will maintain the growth momentum as the Government of India has extended the export restrictions beyond October 2023 till further notice.

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.

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About

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.

Product Details

Report Features	Details
Product Name	Raw Sugar
Industrial Uses	Syrup, Food preparation, Beverages, Processed food
Synonyms	Natural Brown Sugar, Whole Cane Sugar
Supplier Database	Südzucker AG, British Sugar plc, Mitr Phol Group, Santushti International, Wilmar International Ltd
Region/Countries Covered	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	The report can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

Production of Raw Sugar via Milling and Evaporation

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.

Methodology

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).

Raw Sugar Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more

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