Daily Market Price Updates and Commentary 4th August 2025

The October contract opened at 16.17 cents/lb and saw a relatively calm morning, holding within a tight band. As midday approached, light buying interest pushed prices steadily higher, peaking at 16.47 by early afternoon, the session’s high. However, this upward momentum lacked strong follow-through. The market retraced gradually into the late afternoon, easing lower on what appeared to be position squaring and light selling pressure. Despite holding above the open for much of the day, prices softened into the close, settling at 16.25, a modest gain but still within the 16c band.

White Sugar Update

The Oct’25 whites contract started the session on the back foot, touching the day’s low of 464.80 before recovering modestly. The market showed a steady upward drift through midday, climbing to a session high of 473.90 by early afternoon amid some moderate intraday buying interest. However, momentum faded as the day progressed, with gains pared back into the close. The contract settled at 468.50, marking a modest net gain on the day. Price action remained confined within the recent 464–474 range, with no significant catalyst to push decisively in either direction.