Daily Market Price Updates and Commentary 16th May 2025

Raw Sugar Updates

Opening prints at unchanged were a prelude to a generally firmer start to trading as some light buying/pricing emerged and proved sufficient to steady the market in otherwise low volume. By late morning, the picture had calmed to sit within a tight range right ahead of 17.67, and while there was a small wobble down to 17.60 ahead of the US morning trading soon returned to sit in the upper 17.60’s for another period. With buying limited to consumer pricing and the specs now re-engaged with the short side it was only a matter of time until the market looked lower again, and through the middle of the afternoon their pressure sent prices back down the range to a daily low at 17.42. Some short covering followed but this served only to limit any additional losses, and through into the final hour Jul’25 continued at the bottom end of the range. There was a little rally during the last hour as smaller traders closed out short positions however prices remained in the red with Jul’25 ending a very slow day and heading into the weekend at 17.52. 

White Sugar Updates

Yesterday’s retreat and lower close drew out some light buying interest which had values trading a little way higher during the early stages, and though the price never moved beyond the opening $496.50 high the picture was more stable. Volumes were light once again with the narrow band not inspiring much activity and while the early afternoon saw marginal new lows registered the pattern of trading remained sideways with Aug’25 continuing either side of $493.00 well into the afternoon. Eventually something had to give and in keeping with the second half of this week it was the sellers who once more forced the narrative with another kick lower which sent the market to $490.00 initially and then into the upper $480’s and hour or so later. With the recent lows only a few dollars lower at $484.00 there was a bit more buying showing, and this prevented any additional losses ahead of the weekend though overall the chart was not painting a pretty picture. Aug/Oct’25 lost a little more ground to head into the weekend at $3.30, while Aug’25 went out at $490.10 following some final hour position covering.