Sugar (SB): Sweetener With Complex Supply‑Demand Dynamics

Sugar prices hinge on production in Brazil and India, ethanol‑blend policies, and weather events like monsoons or droughts. The interplay between cane versus beet sugar adds another layer of complexity.

Biofuel mandates can shift cane allocation from sugar to ethanol, impacting global supply. Traders track global inventory data, ethanol‑sector demand, and government subsidies to anticipate price fluctuations.