Daily Market Price Updates and Commentary 3rd October 2025

Raw Sugar Update

The session got underway on a positive footing as March’26 found some buying and printed up to 16.59, just 10 points short of Tuesdays high and continuing the ‘inconsistent’ nature of recent activities. The buying then eased up and what little activity that we did see through the rest of the morning took place within a tight band in the 16.50’s while most trades simply observed from the sidelines. The early afternoon saw a marginal new high print at 16.60 but there was no impetus to be found from those in the Americas, and it remained as we were with the sideways pattern continuing. Towards the middle of the afternoon there was a slight softening in price as a few longs were liquidated, but this served only to leave the market holding the mid/upper 16.40’s instead on still low interest. Another three hours of sideways trading eventually led us into the close where March’26 headed out at 16.47, a quiet way to end the week and with the market showing no inclination to leave the present range anytime soon. 

White Sugar update

Dec’25 flew higher as we opened and traded from $461.10 to $466.30 in the first few minutes before moving away from the highs. Still there were solid gains being maintained with a morning spent above $460.00 providing some reassurance for long holders who would have been concerned by the nature of Wednesday’s fall through the range. Volumes were the lowest seen for many weeks as prices edged along in the lower $460’s, and aside from a small nudge back to $463.90 during the early part of the afternoon there was little effort being made to generate movement. White premium values had been firmer against the flat price stability however that changed in the middle of the afternoon when some light selling at the top end of the board pushed back through into the $450’s to look again towards underlying support. Dec’25 made lows at $456.80 because of this and continued at the lower end of the range for the rest of the session before ending at $457.50. March/March’26 headed into the weekend at $92.30 and May/May’26 at $103.30, all of which points toward a further continuation of the same broad area seen over recent weeks.