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Sugar is one of the most volatile commodities traded in the futures market. This sweet commodity has started the new year on a high, with a price of $0.14 per pound.
This has not been the case for the sweet commodity. Since the 1960s sugar has had low prices, as low as $0.0011 per pound, whilst the highest price was recorded in 1974 at $0.53 per pound. Since then the prices dipped and the most recent high was recorded at $0.23 per pound in 2016.