Daily Market Price Updates and Commentary 4th March 2026

Raw Sugar Update

This week has seen markets following a different dynamic, and the pattern repeated during early trading as May’26 was once again pushed up through 14.00. See-saw activity then developed within the early range with some minor upward extension seeing a morning high at 14.07, though with crude having paused its acceleration the ripple effect was holding buyers back from looking again at this week’s highs. Early afternoon saw the rally end in quick style with long liquidation sending the spot back down into the 13.70’s for the first time in over a week and suggesting that concerns over the Middle Eastern situation impacting sugar supply have been allayed for the time being at least. Indeed, there was no coming back from the fall and an afternoon of slow consolidation ahead of 13.70 ensued with the market holding to a tight band as traders held back from taking on any more risk. Spreads lost some ground on the May’26 position removals, with May/Jul’26 at its lowest value since late January with trades at -0.05 points, though down the board the spread picture remained somewhat flatter. Having pulled right back into the range there was some more selling around on the close which left May’26 ending the day at 13.73, and with a daily low at 13.70 recorded on the call it seems we may continue within recent parameters pending any escalation of geopolitical situation. 

White Sugar Update

Early trading saw the market working a few dollars higher, though the movement lacked the strength of the past two sessions and so despite some persistence across the morning May’26 did not climb beyond $417.70. Volumes remained reasonable however there was not the same sense of concern shown at the start of the week from traders, and with the macro picture also having calmed prices slipped back down through the middle part of the day. With only limited buying being uncovered May’26 moved to the $411.00 area before starting to find any support of note, and having done so trading volume fell away to leave prices sitting within a narrower band. White premium values were maintaining much of the weeks gain as concerns of potentially lower white availability held May/May’26 above $106.00 throughout, even when prices slipped to new lows during the last couple of hours. This fall saw May’26 down to $408.70 as it filled in the small daily chart gap established on Monday, but that aside there were no new market features to report with the session petering out quietly. On the call we saw some selling, continuing into the post close to send the market out on session lows having settled at $409.30.