In the past, major events have had a notable impact on global sugar prices.

For example, in 2016, increased demand from India caused by a drought in Brazil resulted in an upwards shift in sugar futures. The same year, Hurricane Matthew disrupted the production and supply of sugar cane in the Caribbean region, resulting in higher prices. In 2018, the US-China trade war had an effect on sugar prices too – Chinese import tariffs led to decreased demand and a fall in global sugar prices. It is clear that traders need to be aware of any significant events or changes in policy which may have an impact on the price of sugar. By monitoring such developments and taking appropriate action, traders could profit from changes in the world market.

Sugar CFDs are a great way to take advantage of price movements in the sugar market. As with any other trading instrument, you need to be aware of the risks involved in taking positions – but done correctly, sugar contracts could offer potentially profitable opportunities. Here's how to get started:

1. Select your broker and check the spreads.

2. Research and study the fundamentals of the sugar market. Learn about seasonal trends which can affect the prices.

3. Choose your trading strategy and make sure you understand the risks of each approach

4. Place an order. Make sure you use a sensible risk-reward ratio and understand the implications of leverage before entering into a position.

5. Manage your position - Keep an eye on the markets and make adjustments as needed. When you’re ready to close out your position, make sure you fully understand the fees and costs associated with doing so.

Sugar CFDs can offer the opportunity for potentially lucrative returns, but it is important to remember that trading carries risk. Make sure you do your research before getting started and always use sensible position sizes in order to manage your risk. Good luck!

If you're looking for an alternative to trading physical sugar, there are a few options worth considering. You can trade sugar-related stocks or contracts for difference (CFD). Trading in stocks gives you exposure to the underlying asset, while CFDs allow traders to speculate on the price movements of existing markets without owning the underlying asset.

Both have different advantages and disadvantages that should be considered when selecting the right product for you. As with any trading, it's important to do your own research, understand the risks involved and make sure you're comfortable before entering a trade. Remember, no matter what type of sugar trading you choose, always use appropriate risk management strategies to protect your capital.