Raw cane sugar is partially purified crystallized sucrose that retains a film of cane molasses; it is not refined white sugar, plantation or mill white sugar, or a generic sweetener. A comparable lot needs product and process identity, polarization, colour or ICUMSA basis, moisture and other agreed limits, origin, quantity, currency, Incoterm, port or destination and delivery window.
This release uses the current ICE Sugar No. 11 rules and the Codex Standard for Sugars. Contract size and polarization describe the exchange reference, while Codex defines raw cane sugar and a sulphur-dioxide limit. These specification facts are not a live futures settlement or physical quote.
Codex defines raw cane sugar as partially purified sucrose crystallized from partially purified cane juice, with the crystals covered by a film of cane molasses. Plantation or mill white sugar and refined white sugar have different processing and quality definitions. Atlas keeps these identities separate so a raw bulk cargo is not compared with a refined or direct-consumption product merely because both are called sugar.
ICE Sugar No. 11 calls for sound raw centrifugal cane sugar based on 96 degrees average polarization, delivered in bulk from permitted origins under its rulebook. A physical contract can additionally specify exact polarization, colour or ICUMSA method, moisture, ash, reducing sugars, sulphur dioxide, grain size, crop year, origin, food-safety and phytosanitary requirements, sampling and inspection. Codex sets a maximum sulphur-dioxide level of 20 mg/kg for raw cane sugar.
One Sugar No. 11 contract represents 112,000 pounds under the exchange's quality, origin, delivery and settlement rules. That framework can anchor comparison, but a screen value does not include a different cargo's basis, exact quality, port, freight, insurance, financing, handling, destination or delivery timing. Atlas labels the futures layer separately from physical offers and delivered-cost estimates.
A defensible raw-sugar price needs the exact product and quality specification, origin and load port, quantity, currency, Incoterm, destination where relevant, shipment or delivery window, inspection evidence, market timestamp, basis and logistics. If those current observations or usage rights are absent, Atlas withholds the physical estimate rather than presenting the futures reference or a dated generic range as the live physical price.
No. They differ in purification, molasses film, quality characteristics, intended use and commercial specification; the product form must remain explicit.
The current rulebook specifies sound raw centrifugal cane sugar based on 96 degrees average polarization and delivered in bulk under the exchange's origin and delivery rules.
The current ICE specification states 112,000 pounds per contract.
No. It is a reference-market contract. A physical delivered value additionally needs exact product and quality, origin and port, quantity, currency, Incoterm, destination, logistics, delivery timing and current evidence.
Figures retain their source, period and review date. Corroboration is not promoted to primary evidence.