Further drop in sugar prices

Sugar prices fell further over the past week, both for refined sugar and raw sugar. Raw sugar now falls below $18 cents/pound and refined sugar continues to fall below $500/ton. The same fundamentals are guiding the markets this week, with levels still at their lowest due to figures indicating better than expected production. The price of raw sugar ended down (17.37 cents/pound on January 17, 2025 versus 18.14 cents/pound on the 13th) and that of refined sugar as well ($473.75/ton on January 20, 2025 versus $498.80/t on the 14th).