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The price of sugar that prevails in international markets is called the: Market futures price.
The price of any commodity, sugar inclusive is usually quoted in two different ways.
The first of which is the market or the market futures price, which is the price reported in the news and regarded as the global trading price for such commodity. The spot price, on the other hand, is the cash price of commodities. This is what traders actually use for such commodity on the day of purchase.
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