Daily Market Price Updates and Commentary 8th October 2025

Raw Sugar Update 

It was a steadier start to trading as buyers initially took March’26 up to 16.74 as they looked to continue last night’s late recovery, however once the initial push ended prices settled back to sit near to overnight levels. A familiar situation then emerged through the later morning period with the market struggling to hold as buying diminished, and so across a couple of waves of selling we saw prices slump back down through the range to a low at 16.31 as participants in the Americas joined for the day. This placed values beneath yesterdays lows and underlined the fragile nature of the recovery effort since reaching 15.76 a couple of weeks back, and while prices stabilised in the wake of this fall there was no hint of any recovery as specs appeared burned by recent covering moves. The sideways grind continued through into the final hour, with shorts then placing some late pressure on the market by sending the price to a daily low at 16.26. There was no sign of any positio0n covering as we moved to a close at 16.29, the negative action raising fresh questions for the chart considering the latest rapid disintegration of gain.  

White Sugar Update

Dec’25 began the day positively with an initial push up to $461.10, and through a mixed early period the gains were mostly sustained. By the middle of the morning things began to change with light selling proving sufficient to wipe out any gain and place the market into negative ground, and with little support to be found from consumers the price continued to slip. The rate of decline only eased during the early part of the afternoon but even here we did not find any volume to the buying and so through the afternoon Dec’25 made its way back to 2-week lows and illustrated the general bearish view of the market which prevails despite recent efforts to build a bottom. Pricing only picked up closer to $450.00 and last months $449.10 low, but with white premiums under pressure (March/March’26 in the $90 area) and the Dec’25/March’26 spread still at a small discount there was no prospect of a bounce. During the final hour, the price slipped to $450.10, and with a quiet close following we settled at $450.70 to renew the negative look and end a slow session by placing some questions over the chart.