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Sugar #11

SUG · Agriculture · ICE · Quoted in USc/lb
17.85 USc/lb
0.00 (0.00%) today
· CI Indication

Origin markets

Origin spread 3.400 USc/lb

Benchmark: Raw sugar #11, FOB Brazil (ICE-linked). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential.

OriginBasisPricevs benchmarkMarket note
🇧🇷
Santos
Brazil · ~75% of trade flow
FOB Santos raws17.85BenchmarkCentre-South crush at peak — the world price
🇮🇳
West Coast India
India · export-policy bound
FOB WC India18.70
+0.850 (+4.8%)stable
Only flows when Delhi allows exports — policy premium
🇹🇭
Thailand
Thailand · Asia-facing
FOB Thailand hi-pol18.95
+1.100 (+6.2%)stable
Quality premium raws into Indonesia and Japan
🇺🇦
CAR delivered
Black Sea · whites premium
CFR Black Sea whites21.25
+3.400 (+19%)stable
White sugar premium over raws (refining margin proxy)

Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.

Track physical flows on the live vessel map →
Open
17.85
Day High
18.11
Day Low
17.63
Prev Close
17.85
1W
-0.39%
1M
-1.00%
1Y
+16.29%
5Y
-20.95%
Exchange
ICE

6-month range

Annualised volatility 12%
Low 13.21Now 17.85 · 43%High 23.90

Forward curve

Indicative term structure · Contango

Spot
17.85
USc/lb
3M
18.11
+1.46%
6M
18.15
+1.68%
12M
18.66
+4.54%
18M
19.04
+6.67%
24M
19.40
+8.68%

In other units

Converted from 17.85 USc/lb · indicative FX

USc/lb
16.42
USc/lb
129.41

About Sugar #11

Sugar #11 is traded in the agriculture segment, with price discovery referenced against ICE. The chart above shows the trailing 6-month indicative price path. Physical parcels of Sugar #11 can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.

AgricultureICEUSc/lb0.00% today
Top producers
1. Brazil2. India3. Thailand4. China
Principal uses
  • Food & beverage
  • Ethanol (Brazil)
  • Industrial