This product is produced from sugar beets and sugar canes. Both of these sources are used to produce the refined sugar product that is traded on the markets. The largest producer of sugar is Brazil followed by India, China and Thailand. Over the years sugar is facing increased competition from other products such as sweeteners, which are having an impacting on the trading and therefore the pricing of this product.
This is another product that weather conditions can affect and a close eye on the state of production in Brazil will need to be had in order to help with how to price this product.