Market analysts expected white sugar to continue hitting its high prices. This is due to the tightness of the sugar supply in the global market.
While climate factors have the biggest contribution to its price variation, two other present and emerging conditions will highly dominate its fluctuation:
The impact of biofuel production on sugar markets.
And, the Indian ethanol initiative to fuel its motorbike engines.
Thus, white sugar prices will continue to be bullish in nominal terms in 2030 at $810.96 per ton.