Sugar Price (Global) in 2015
Sugar Price (Global) opened 2015 at 15.06 and closed at 14.76, a -1.99% move for the year. The high of 15.06 was reached on January 1, and the low of 10.67 on August 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 15.06 | 15.06 | 15.06 | 15.06 | +0.00% |
| Feb | 14.51 | 14.51 | 14.51 | 14.51 | +0.00% |
| Mar | 12.84 | 12.84 | 12.84 | 12.84 | +0.00% |
| Apr | 12.91 | 12.91 | 12.91 | 12.91 | +0.00% |
| May | 12.7 | 12.7 | 12.7 | 12.7 | +0.00% |
| Jun | 12.11 | 12.11 | 12.11 | 12.11 | +0.00% |
| Jul | 11.88 | 11.88 | 11.88 | 11.88 | +0.00% |
| Aug | 10.67 | 10.67 | 10.67 | 10.67 | +0.00% |
| Sep | 12.14 | 12.14 | 12.14 | 12.14 | +0.00% |
| Oct | 14.14 | 14.14 | 14.14 | 14.14 | +0.00% |
| Nov | 14.84 | 14.84 | 14.84 | 14.84 | +0.00% |
| Dec | 14.76 | 14.76 | 14.76 | 14.76 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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