A commodity futures contract for raw sugar traded on the Intercontinental Exchange (ICE), used by producers and consumers to hedge against price fluctuations and by speculators to profit from price movements.
Description: Sugar No. 11 futures are the global benchmark for raw sugar trading. They are traded on the Intercontinental Exchange (ICE) and represent the price of raw cane sugar delivered to ports in the United States or other countries. The contract size is 112,000 pounds (approximately 50 metric tons). Sugar is a major agricultural commodity, with demand driven by food and beverage industries, as well as biofuel production (ethanol). The futures market allows participants to manage price risk and provides price discovery for the global sugar trade. Key producing countries include Brazil, India, Thailand, and China. The contract is actively traded by hedgers (sugar mills, refiners, and food companies) and speculators (hedge funds, commodity trading advisors).
Established / Launched: 1961
Founder / Issuer: Coffee, Sugar and Cocoa Exchange (CSCE), now part of ICE