DAG - Sugar Consolidates Between 12 And 13 Cents Per Pound
Sugar is one of the most volatile commodities that trade on the futures exchange. Since the 1970s, the range in the sweet commodity has been from a low at 2.29 cents per pound to a high at almost twenty-nine times that level at 66 cents. The price of sugar depends on a collection of factors including the weather conditions in critical growing regions around the world. Currency volatility in producing nations can also influence the price. In many countries, governments subsidize sugar production as they view the soft commodity as a staple and essential food