Commodity Information
Just like wheat, barley, and other essential raw food ingreients, sugar is a commodity that is bought and sold. As a commodity, it is traded on the I.C.E Stock Exchange in its raw form, Sugar #11, and in its refined form, White Refined Sugar.
Canadian beet sugar competes with imported raw cane sugar from Southern countries. Both beet and cane sugar are Sugar #11 on the stock exchange. Upon refinement, both of these sugars can then be sold based on the price of the White Sugars Futures. Regardless of having a cane or beet source, there is no difference in the molecular makeup of sugar.
The requirement to compete with imported raw cane sugar can be burdensome to Southern Alberta farm families as raw cane can drive down the price that farmers receive for their sugar beets.
Currently, the 200 farm families that grow sugar beets in Alberta only supply 8-10% of the total domestic sugar market in Canada. This is largely due to the fact that raw cane can be imported at some points quite inexpensively.
For the latest Sugar #11 pricing; please click here.
For the latest white Sugar Futures pricing; please click here
For the latest Sugar #11 pricing; please click here.
For the latest white Sugar Futures pricing; please click here
