ICE Sugar No. 11

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The Sugar No. 11 contract, also known as World Sugar, is the global benchmark contract for raw sugar trading. The contract prices physical delivery of raw cane sugar free-on-board the receiver’s vessel at a port within the country of origin of the sugar as named by the deliverer.


Sugar No. 11 is used in food, rum, and the fuel additive ethanol. It is a global sugar product, produced in over 120 countries and consumed in every country.[1]

Data Quotes

ICE offers data quotes on a subscription basis.[2]

Sugar No. 11 futures
Exchange ICE
Settlement Physically delivered
Contract Size 112,000 pounds (50 long tons)
Pricing Unit 1/100 of a cent per pound ($11.20/contract)
Tick Value 1/100 cent/lb., equivalent to $11.20 per contract.
Contract Months Mar, May, Jul, Oct
First Notice Date First business day after the last trading day
Last Trading Day Last business day of the month preceding delivery month
  Open Outcry Electronic
Trading Hours 08:30 to 12:30 ET; closing period commences at 12:28 ET 3:30 AM - 1:00 PM: New York
Ticker Symbol SB SB
Price Limits None None
Sugar No. 11 options
Trade Unit One futures contract
Point Value Need point value!
Tick Value 1/100 of a cent per pound ($11.20/contract)
Option Months Regular Options: March, May, July and October. Serial Options: January, February, April, June, August, September, November and December
Strike Prices Strike Price Increment will be $.25 cents at all price levels.
  No Open Outcry Electronic
Trading Hours N/A 3:30 AM - 1:00 PM: New York
Ticker Symbol N/A SB
Price Limits N/A N/A


  1. Sugar. ICE.
  2. The most valuable commodity is information. ICE.