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After falling to the lowest price in a decade in September at 9.83 cents per pound, the price of world, free-market sugar recovered to a high at 14.24 cents in October, a rise of 44.9% in only one month. Sugar had declined from a high at 23.90 cents in October 2016 to reach its bottom in September 2018. The sweet commodity had not traded below 10 cents since 2008, the low before September came in 2015 at 10.13 cents.
Sugar is a highly volatile commodity that has traded from 2.29 to 66 cents since the