Sugar Market Slips Again โ Recovery Loses Steam Amid Soft Demand
๐ Sugar Market Slips Again โ Recovery Loses Steam Amid Soft Demand
After a sharp rebound on Thursday, ICE Sugar No. 5 futures edged lower on 11 April 2025. The May 2025 contract fell by 0.17% to USD 523.00/t (EUR 486.39/t), with most near-term contracts closing in the red. While back months ticked slightly higher, the market remains under pressure from weak demand and firm EU prices.๐ ICE Sugar No. 5 โ Closing Summary (11.04.2025)
(Exchange rate: 1 USD = 0.93 EUR)๐งญ Market Commentary
๐ป Correction Fades โ Market Awaits Directionโ The Friday session showed no follow-through from Thursdayโs speculative bounce.โ Most trading remains short-term and directionless โ volatility is likely to continue.๐ช๐บ EU Spot Offers Still Risingโ Producers now quoting EUR 0.55โ0.58/kg FCA for Q2 deliveries.โ Market participants expect a further push toward EUR 0.60/kg next week, despite softening global prices.
๐๏ธ Retail Pressure Remainsโ Prices in Poland, Czech Republic, and Germany show no movement, with deep discounting still reported.
๐ Current 1โฏkg Retail Sugar Prices (as of 10.04.2025)
Last checked: All prices verified within the last 3 days.๐ฎ 3-Day Price Forecast (12โ14 April 2025)
๐ Outlook:Sideways to slightly weaker movement is likely, unless demand or supply headlines emerge.๐ Global Sugar Balance Sheet (2021โ2025f)
๐งญ Conclusion & Strategy
โ Futures stable but directionless โ waiting for fresh inputs.โ EU pricing continues to rise despite falling global levels.๐ Buyers sceptical โ disconnect between paper and physical market widening again.๐ Recommendations:
- ๐ Buyers: Avoid long-term commitments at rising EU prices โ market not aligned.
- ๐ฆ Sellers: Try to lock in forward deals while prices are still supported technically.
- ๐ Traders: Be cautious โ a breakdown below USD 510/t could trigger further selling.
