What are the factors that affect the price trend of sugar futures?
There are many factors that affect the price trend of futures sugar, including but not limited to the following aspects: 1. Market supply and demand: if the supply of white sugar exceeds demand in the market, the price will fall; On the contrary, the demand exceeds the supply, and the price will rise. 2. Commodity price: Although sugar is an agricultural product, its price will also be affected by commodities, such as oil, gold and copper. 3. Weather factors: The weather directly affects the planting and harvest of crops, such as drought and flood, and directly affects the price of sugar. 4. Currency exchange rate: the change of exchange rate also has an important impact on the price of sugar. If the exchange rate depreciates, the export income of white sugar will drop, and so will the price. 5. Policy factors: Policy changes will also affect sugar prices, such as the adjustment of tax policies and changes in export policies.