1, the weather factor: white sugar is sugar cane, sugar beet and other plants to refine and purify the product of the changes in the price of sugar and sugar cane, sugar beet and other raw materials production by the weather has a great impact. India, Thailand and other major producing countries have recently suffered floods, drought and other unfavorable seasonal weather, which may lead to a reduction in production, thus pushing up sugar futures prices.
2, trade policy:Sugar is one of the world's most traded agricultural products, so changes in trade policy may have an impact on sugar prices. For example, India, Brazil and other sugar-producing countries export policy and tax policy, may affect the market supply and demand, and thus affect the sugar futures prices.
3, monetary policy:Sugar futures market is a market with international influence, so changes in global monetary policy will have an impact on sugar prices. For example, the depreciation of the U.S. dollar may lead to global investors to sell their dollar-denominated assets, and then turn to buy other commodities, including sugar, thus pushing up the price of sugar.
4, speculation:Speculation in the futures market may lead to price volatility. If market speculators expect sugar prices to rise, they may buy futures contracts, which could push up sugar prices.
In short, the reasons for the rise in sugar futures prices are complex and may be affected by a variety of factors. Investors should consider various factors according to the actual market situation and formulate a correct investment strategy.