Sugar is produced from sugar cane and sugar beet and remains a key global agricultural commodity with wide industrial applications. Major producers such as Brazil, India, the European Union and China strongly influence global supply and pricing dynamics. Sugar markets are highly volatile due to weather variability, trade policies, government subsidies and speculation. Beyond food consumption, sugar also plays a role in biofuels, ethanol production and industrial processing. It reflects the balance between agriculture, industry and geopolitics. Read more to learn how sugar prices are determined, why volatility persists across seasons, and how this everyday product reveals deeper global economic and political dynamics.