Category: Sugar industry

Did you know the term 'Sugar #16' doesn't refer to a type of food sugar but a financial instrument? This specific designation is the name for a raw cane sugar futures contract traded on the Intercontinental Exchange (ICE), used for commercial hedging in the U.S. market.

For centuries, Jamaica was a world-leading producer and exporter of sugar, with production peaking in 1965 at over 500,000 tonnes. Despite this significant historic legacy, many wonder today, is there sugar in Jamaica, and how does its modern industry compare to the past? This article provides a comprehensive look into the current state of Jamaica's sugar sector.