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Sugar

SUGAR
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0.155

+0.001+0.85%
Time
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15m
30m
1h
4h
D
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Today

+0.85%

5 Days

+5.02%

1 Month

+4.39%

6 Months

+10.42%

Year to Date

+3.55%

1 Year

0.00%

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TradingKey Chart

Key Data Points

Opening Price

0.154

Previous Closing Price

0.153
Price Range of the Day
0.1540.156
52-Week Price Range
0.1340.162

Sugar Technical Analysis

1m
5m
15m
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2h
4h
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1m
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15m
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Technical Indicators

Buy

Summary

Buy

Moving Average

Strong buy

More Details of Sugar

Sugar, a sweet-tasting substance that is obtained from various plants, chiefly sugarcane and sugar beet. Sugar is composed of carbohydrates, which are organic molecules consisting of carbon, hydrogen, and oxygen atoms. The simplest carbohydrates are monosaccharides, such as glucose, fructose, or galactose, which are the building blocks of more complex carbohydrates.

Sugar has various physical and chemical properties that make it suitable for a wide range of applications. Sugar is soluble in water and forms a syrup when heated, which can be further concentrated and crystallized into different shapes and sizes of granules. Sugar can also caramelize when heated to high temperatures, producing a brown color and a rich flavor. Sugar can also ferment with yeast or bacteria, producing alcohol and carbon dioxide.

Sugar is widely used as a sweetener in food and beverages, such as baked goods, confectionery, soft drinks, juices, and tea. Sugar is also used as a preservative in food, such as jams, jellies, pickles, and honey, by inhibiting the growth of microorganisms. Sugar has medical uses, such as in wound dressing, cough syrup, and intravenous fluids, as a source of energy and hydration. Sugar is also used in industrial processes, such as in biofuel, bioplastics, and cosmetics, as a raw material or an additive.

Sugar can be a good investment option for those who want to benefit from the global demand and price volatility of this commodity. Sugar prices are influenced by several factors, such as the supply and demand of sugar, the environmental and political conditions in the sugar-producing and -consuming regions, and the technological innovations and consumer preferences in the sugar industry. Sugar can be traded in various ways, such as buying physical sugar, such as raw or refined sugar, buying sugar futures or options contracts, which are standardized agreements to buy or sell a specific amount of sugar at a predetermined price and date on an exchange, buying sugar exchange-traded funds (ETFs), which are securities that track the performance of a basket of sugar-related assets, or buying sugar stocks, which are shares of companies that are involved in the production, processing, or distribution of sugar or other sweeteners.

What determines the price of sugar?

The price of sugar is determined by a combination of factors, such as supply and demand dynamics, weather conditions, and global trade policies. For instance, in 2020, adverse weather conditions in sugar-producing regions like Brazil led to a decrease in crop yields, causing sugar prices to rise. Additionally, government policies, such as import tariffs or subsidies, can impact sugar prices by affecting supply chains and market competitiveness. Currency fluctuations also play a role, as changes in exchange rates can influence the cost of importing and exporting sugar.

Where is sugar traded?

Sugar is traded on commodity exchanges like ICE and LIFFE, offering futures and options contracts. Other exchanges include BM&F in Brazil and NCDEX in India. Trading allows participants to buy, sell, hedge price risks, and speculate on sugar price movements.

What are the top countries that produce sugar?

Brazil, India, Thailand, China, and the European Union are among the top countries that produce sugar. Brazil is the largest global producer, followed by India and Thailand. China and the European Union also contribute significantly to the world's sugar production.

Sugar

0.155
+0.001+0.85%
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