Sugar is nothing but soluble carbohydrates that are widely used in food as a sweetening agent. It is derived from sugar beet or sugarcane and is converted into glucose when consumed. This staple commodity is found everywhere, and people use it as an ingredient in a vast range of foods and beverages. Sugar provides instant energy to the body, and thus its everyday consumption and wider use in a number of industries are reasons why sugar buyers consistently look for exporters to fulfill the market demand.
It may amaze you to learn that sugar's moisture-absorbing abilities lend its healing properties that help prevent bacterial growth in wounds. This naturally white agricultural product is graded on the basis of factors like grain size and color. The numbers 30 and 31 denote the color series, while L (large), M (medium), and S (small) represent sizes. These grades also tell a lot about the quality of sugar; for example, 31 is considered to be the best color and quality of sugar. In addition, sugar is classified in a number of ways, and though there are several types, below given are the most in demand.
Apart from the most demanded sugar types mentioned above, people often look for sugar processing plants for trade purposes.
The consumption of sugar is universal, and 108 countries produce this commodity. This is the reason why the global sugar market greatly impacts economies worldwide. Moreover, the export and import of sugar help balance the global sugar supply, influencing both availability and prices in many countries.
The growing demand for sugar in industries like food and pharmaceuticals is largely affecting the trade business. Countries like India and China are some of the biggest consumers of this product due to the wide industrial and tabletop usage of sugar. The global sugar market size reached $66.39 billion in 2023, as per a report by Grand View Research. Here are the top three sugar importers and exporters (2023-24).
Source: Tradeimex
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1. What is the rate of 50 kg of sugar?
Though the rate of sugar largely depends on factors like location, grade, and type, the price of 50 kg of sugar falls somewhere between ?1800 and ?2500.
2. Who is the biggest buyer of sugar?
The United States is the biggest buyer of sugar, with a total import shipment value of 405,143.
3. Who is the top consumer of sugar?
India is the top consumer of sugar with the estimated consumption of 29.5 million in 2022/23.
4. What will be the buying price of 12 kg of sugar?
The buying price of 12 kg of sugar will vary on a number of factors, but it can be estimated around $24.
5. What is the price of Icumsa 45 sugar per ton today?
The price of Icumsa 45 sugar per ton today is ? 26250/metric ton. However, it may vary or change on the basis of various factors.
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