Daily Market Price Updates and Commentary 6th October 2025

Raw Sugar Update 

A calm but steady start to the week saw March’26 move up into the 16.50’s where light buying was able to support values through the first couple of hours. A burst of slightly more aggressive buying then followed and took the market through last weeks highs with the spot reaching 16.75 before easing to sit a small way below this mark. With COT data absent due to the US government shutdown there is no current marker as to recent spec activities, and while it is accepted that they remain significantly short it will prove increasingly hard to estimate the number should we see a prolonged shutdown. Moving into the afternoon the price continued to hold near to 16.70 with the pattern maintaining for a few hours to provide a stable picture. This stability continued to be based on modest buying from consumers and specs, although the arrival of the final hour drew some short covering as a push to new daily highs saw their cover send March’26 ahead to 16.83. The glass maintained until the close and March’26 settled just 2 points short of the highs at 16.81, to raise the question as to whether a break of the mid-September 16.86 mark can see us look to 17c?  

White Sugar Update

The market was firmer from the start this morning as it followed the lead set by No.11 and moved back above $460.00. It was not until the middle of the morning that the movement gathered more pace, but with little in the way of selling to provide resistance the price was able to extend up to $464.00 before the buyers relaxed and consolidation set in. A sideways pattern then ensued, which despite showing a small upward bias which resulted in marginal new highs being printed showed no sign of gaining any significant fresh upside momentum. What it did allow for was a small widening of the white premium with March/March’25 reaching the $93.50 area, though this in part was down to the weakness of the Dec’25/March’26 spread which narrowed to a low at just $0.10 premium. Highs were recorded at $465.00 during the late afternoon with the gains being maintained despite some position squaring into the close, and a settlement was reached at $464.40 to provide a positive start to the week despite the daily chart still showing that plenty of work is requited of we are to look back to last Tuesdays $469.70 mark.