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Sugar is a staple ingredient in many foods consumed worldwide each day. The sweet commodity is also a primary ingredient in the production of ethanol in Brazil. The South American country is the world’s leading producer of free-market or world sugar that trades on the Intercontinental Exchange and is a member of the soft commodities sector.
The price of sugar can be highly volatile in the futures arena. Since the early 1970s, sugar has traded from a low of 2.29 cents to 66 cents per pound. Since the turn of this century, the range has