What is the price of sugar per kilogram/pound in Singapore today?
The retail price range for Singapore sugar is between US$ 0.94 and US$ 1.20 per kilogram or between US$ 0.43 and US$ 0.54 per pound(lb). Click here to see today's exact prices of sugar in Singapore
The retail price range in Singapore Dollar for sugar is between SGD 1.27 and SGD 1.61 per kilogram or between SGD 0.58 and SGD 0.73 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore sugar is between US$ 0.66 and US$ 0.84 per kilogram or between US$ 0.30 and US$ 0.38 per pound(lb).
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Singapore Sugar Export Prices - Historical, Trends and Prediction
The export price per kilogram of sugar from Singapore over the last five years has seen a steady decline. In 2016, the price was 0.80 US dollars per kilogram, and by 2021, it had dropped to 0.68 US dollars per kilogram. This represents a decrease of 15.00% over the five-year period. The lowest price was recorded in 2014, at 0.64 US dollars per kilogram. The highest price was recorded in 2011, at 1.29 US dollars per kilogram. Based on this data, it is predicted that the export price per kilogram of sugar from Singapore in 2023 will be 0.62 US dollars, and in 2024 will be 0.60 US dollars.The exports of sugar from Singapore are classified as:
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
Singapore Sugar Import Prices - Historical, Trends and Prediction
The import price per kilogram of sugar into Singapore over the last five years has seen a steady decline. In 2012, the price was $1.18, dropping to $1.02 in 2013. This trend continued, with the price reaching its lowest point of $0.64 in 2014. Since then, the price has been gradually increasing, reaching $0.8 in 2016 and $0.91 in 2017. In 2018 and 2019, the price was $0.94 and $0.78 respectively. The most recent data shows that the price has dropped again to $0.65 in 2020 and is currently at $0.68 in 2021. Based on this trend, it is likely that the price of sugar will continue to decrease in the next two years, with a predicted price of $0.62 in 2023 and $0.60 in 2024.Export values for Singapore sugar
The total values in export for sugar in Singapore were US$ 33,010, US$ 29,984, US$ 23,218 and US$ 29,035 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of sugar in other countries across Asia: Kazakhstan sugar, Kyrgyzstan sugar, Tajikistan sugar, Turkmenistan sugar, Uzbekistan sugar, China sugar, Hong Kong sugar, Macao sugar, North Korea sugar & Mongolia sugar.
Singapore sugar - Production, Exports, Imports, Seasons and HS Codes
The amount of sugar shipped by Singapore in 2020 was 56,304 tonnes. In 2019 Singapore sold 37,259 tonnes of sugar. Through 2019 alone, the interest in Singapore sugar (processed category) has climbed, with a change of 50.864 percent compared to the year 2018. Between 2017 and 2019, sugar's exports grew by 12.77 pc netting the nation US$29.04m for the year 2019. Singapore's sugar exports are categorised as:
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
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Singapore sugar export values
In 2019, Singapore exported sugar worth 29.04m USD, a growth of 25.08% from 2018's total sugar export of 23.218m USD. The annual change in value of Singapore sugar between 2017 to 2018 was -22.565 pc.
The annual change in the volume of Singapore's sugar exports between 2017 and 2019 was 12.77 per cent when compared to a variation of 50.864% in the growth rate between 2018 and 2019.
Export markets for Singapore sugar ( in '000$ )
Singapore's best performing export markets for sugar are Indonesia, the Philippines, Iraq, Oman and Japan.
Singapore procured 300,795 tonnes of sugar in 2019.