Daily Market Price Updates and Commentary 30th May 2025

Raw Sugar Update

The session began with modest upward traction, with short-term technical buying lifting the contract above 17.20c/lb during the 10:00–11:00 window. However, the momentum was short-lived. Once the peak of 17.24c/lb was reached, trade volumes began to thin and values slipped steadily lower. The midday and early afternoon saw N5 drifting sideways to lower, with resistance forming just below 17.20 and support around the 17.08 area repeatedly tested. A brief recovery effort was noted post-15:30, driven likely by opportunistic dip buyers and algorithmic support, though it failed to gather significant follow-through. Into the final hour of trading, the market retraced back toward its opening levels, closing at 17.05c/lb. 

White Sugar Update

The session began with steady upward pressure, as early buying activity pushed the market through multiple minor resistance levels. This culminated in a session high of $480.00 reached shortly after 10:30, where a ceiling of resting offers capped further progress. The rally appeared technically driven, supported by a firmer tone in No.11, though follow-through remained limited. By midday, trade flows became more mixed, and Q5 lost some traction. Sellers re-entered on possible profit-taking and intraday positioning, dragging the price back below $478.00. A brief period of consolidation followed, marked by thin volumes and choppy direction as the contract hovered within a tight band. The evening brought a second wave of attempted buying as the flat price attempted to reclaim morning highs but again stalled below $479. Late selling into the final 30 minutes softened the tone, dragging values back toward the lower end of the day’s range. However, the last 10 minutes brought back some buying with the session concluding at $476.10 – up $1.40 on the day but well off the highs.