Sugar is a commodity traded in various forms and at various exchanges around the world.
Sugar is a produced from a variety of sources and and is used as sweet-flavored ingredient for many types of food and drinks around the world.
While sugar is grown and produced around the world, the three biggest producers of sugar are Brazil, India and the European Union.
In London, InterContinentalExchange's LIFFE exchange trades sugar futures contract No. 407 which is either from white beet, cane crystal or refined sugar.
On the Bolsa de Mercadorias & Futuros (Brazil), they trade sugar futures contract for cane crystal sugar.
There are two main sugar futures traded in the U.S., No. 11 Sugar and No. 16 Sugar. No. 11 Sugar is a often referred to as "World Sugar" while No. 16 is called "Domestic."
The Sugar No. 16 contract serves the hedging needs of U.S. sugar producers, end users and merchants. The contract prices physical delivery of US-grown (or foreign origin with duty paid by deliverer) raw cane sugar at one of five U.S. refinery ports as selected by the receiver.
The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices the physical delivery of raw cane sugar, free-on-board the receiver's vessel to a port within the country of origin of the sugar.