“Global Sugar Prices Surge – Strong Bullish Momentum Across All Contracts”
Closing Prices on January 29, 2025 (ICE Sugar No. 5) Converted to EUR
Using a USD/EUR exchange rate of 0.92, the latest closing prices for ICE Sugar No. 5 in EUR are as follows:
| Contract | Closing Price (USD/t) | Closing Price (EUR/t) | Change (EUR) | % Change |
|---|---|---|---|---|
| March 2025 | 522.90 | 481.07 | +10.49 | +2.18% |
| May 2025 | 504.90 | 464.51 | +4.69 | +1.01% |
| August 2025 | 487.80 | 449.58 | +3.04 | +0.68% |
| October 2025 | 479.80 | 441.42 | +2.30 | +0.52% |
| December 2025 | 478.00 | 439.76 | +3.68 | +0.84% |
| March 2026 | 481.90 | 443.35 | +4.78 | +1.08% |
| May 2026 | 484.10 | 445.37 | +4.78 | +1.07% |
| August 2026 | 485.70 | 446.84 | +4.78 | +1.07% |
| October 2026 | 484.90 | 445.71 | +4.69 | +1.05% |
| December 2026 | 485.50 | 446.66 | +4.51 | +1.01% |
| March 2027 | 487.00 | 448.04 | +4.51 | +1.01% |
| May 2027 | 484.40 | 445.65 | +4.51 | +1.01% |
| August 2027 | 484.20 | 445.46 | +4.51 | +1.01% |
| October 2027 | 483.50 | 444.82 | +4.51 | +1.01% |
Market Analysis: Strong Bullish Momentum
The sugar market has seen significant price increases, continuing the bullish trend from previous sessions:
- Short-Term Contracts Lead the Rally:
- The March 2025 contract surged +2.18%, reaching €481.07/t, its highest level in weeks.
- The May 2025 contract followed, climbing +1.01% to €464.51/t.
- Broad-Based Gains Across All Contracts:
- Unlike recent sessions, all contracts, including long-term ones (2026–2027), have posted gains.
- The December 2025 contract gained +0.84%, reaching €439.76/t, confirming the broader strength in the market.
- Market Drivers Behind the Surge:
- Higher seasonal demand ahead of Easter is pushing prices upward.
- Lower global stock levels and concerns over supply disruptions may be triggering short-term buying activity.
EU Sugar Market Situation
- EU sugar prices remain between €0.50/kg and €0.54/kg FCA, with moderate demand.
- Some retail pricing remains inconsistent, with discount supermarkets selling sugar below industrial rates in Poland.
- The increasing global sugar price could soon affect European markets, forcing EU buyers to adjust pricing expectations.
Market Outlook
📈 Short-Term:
- Strong price momentum suggests further short-term gains.
- Market participants may rush to secure contracts before further increases.
📉 Long-Term:
- If global production remains stable, prices could level off after the Easter peak.
- However, potential export restrictions or supply chain issues could lead to further volatility.
🔍 Strategic Recommendations:
- Buyers should consider locking in contracts now before further increases.
- Producers should monitor global trends, as EU prices could rise in response to global market movements.
Conclusion
The sugar market continues to show strong bullish momentum, with prices increasing across all contracts. As demand rises and global stock concerns grow, further price gains are likely. EU buyers should closely monitor price movements to avoid getting caught in a rising market.
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