Sugar Prices Continue to Weaken โ Market Lacks Support as EU Remains Silent
On 23 May 2025, ICE Sugar No. 5 futures continued their downward trend for the
sixth session in a row. The
August 2025 contract lost 0.93% to USD 483.60/t (EUR 449.75/t). Despite falling futures,
EU spot prices remain unchanged, with
limited market activity. Analysts warn that
without weather shocks, no catalyst for reversal is in sight.
๐ ICE Sugar No.5 โ Closing Summary (23.05.2025)
(Exchange rate: 1 USD = 0.93 EUR)
๐ช๐บ EU Market Snapshot โ No Movement, No Momentum
๐ FCA spot prices remain static at
EUR 0.56โ0.59/kg.๐ฆ No forward deals reported.๐ฌ Market observers call out
unrealistic expectations for EUR 0.62+/kg for the new campaign.๐ฑ Only prolonged drought could shift the tone, but no such signal yet.
๐๏ธ Retail Sugar Prices (1 kg, verified 23.05.2025)
๐ Price Comparison Table
๐ฎ 3-Day Forecast (24โ26 May 2025)
๐
Outlook:Without weather-related shocks, further softening is likely. Technical support is now eyed at USD 475/t.
๐งญ Conclusion & Strategy
๐ ICE Sugar continues to slide โ no buyers, no bounce.๐ฆ EU producers resist lowering offers, but no deals close above EUR 0.59/kg.๐พ Weather risk remains the only potential upside driver.
๐ Recommendations:
- ๐ Buyers: Remain cautious โ prices are still trending down. Push below EUR 0.57/kg.
- ๐ฆ Sellers: Lower expectations โ volume is more important than price right now.
- ๐ Traders: Watch for bottoming near USD 475โ478/t.
๐
Summary:The sugar market is under pressure, and European supply chains are standing still. No catalyst, no change โ only weather could shift sentiment.
