Daily Market Price Updates and Commentary 3rd March 2026

Raw Sugar Update

There were moderate opening gains as May’26 returned to the 14.00 area, though the movement did not build any impetus and after an hour or so we were trading back into the mid 13.90’s. Lows were registered at 13.94 soon afterwards ahead of some more aggressive buying interest which quickly moved the market ahead to 14.15, well short of yesterdays 14.29 high mark but bringing the upside into focus. There were further gains made before the morning ended and a high was recorded at 14.20, though considering that crude was making sizable progress against the Iranian situation some will have deemed our progress to be poor and maybe reflects the still bearish physicals weighing against the geopolitical situation. Trading remained slow into the afternoon, before some smaller traders grew unconvinced by the lack of progress and turned to close out positions which sent the value back towards 14.00. Supportive consumer pricing only started to be found beneath 14.00, and while this held the market through the remainder of the afternoon there was a struggle to climb far from last nights 13.91 value. Eventually the market achieved a close at 13.93 which leaves the wider picture unchanged, though there will remain some focus upon the macro, particularly the currently increasing crude value, to see whether it brings more influence over market direction. 

White Sugar Update 

There were mild opening gains recorded this morning though in comparison with other markets the movement was minimal. It was only towards the middle of the morning that some upside momentum started to generate with little resistance encountered as May’26 moved ahead to $420.70, although the price then stalled ahead of yesterdays $421.50 mark as it started to encounter some better pricing. Into the early afternoon there was a small fall back to the high teens, and with buyers not showing the same desire as yesterday the slide developed further and saw May’26 back in the $415.00 area by the middle of the afternoon. Unlike yesterday there was not the same level of white premium aggression being seen, and this was a factor in the markets unwillingness to push ahead again despite the May/May’26 value continuing near to $107.00 through the afternoon. A session low was made at $413.30 as the market calmed through the final hours, and the spot continued along in the lower teens ahead of the close. Settlement was established at $414.40 to further extend the current technical stalemate which has not been broken despite efforts made across the last two days, and eyes will remain upon the macro to see whether middle eastern developments bring additional influence.