What it is
Refined sugar, ready for use by food manufacturers and households. Its price gap over raw sugar, called the white premium, reflects what it pays to refine.
How it is usually quoted
US dollars per tonne.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
ICE Futures Europe (London).
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- The price of raw sugar
- Refining capacity and the cost of energy
- How much India, Thailand and the European Union have to export
- The cost of container freight
- Import demand in the Middle East and Africa
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Refined in the producing countries and at large refineries near importing markets, such as those of the Gulf.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
White sugar is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.