In March world market values remained volatile.
The month started with raw sugar prices (the ISA
daily price) at 27.24 cents/lb, then prices
improved to 28.14 cents/lb by 8th March, but
collapsed to 23.91 cents/lb, an almost four-month
low on 15 March. In the second half of the month,
the ISA daily price oscillated in a trading range
between 24.93 and 25.98 cents/lb resulting in a
monthly average of 26.24 cents/lb, a significant
11% drop from the February average of 29.47
cents/lb.