Sugar Prices Rebound โ ICE Futures Climb Back Toward USD 485
On 19 June 2025, ICE Sugar No.5 futures staged a
strong recovery. The
August 2025 contract rose by 2.76% to USD 482.40/t (EUR 448.63/t), regaining most of the previous week's losses. The move was driven by technical buying and pre-quarter-end position adjustments. However,
EU spot prices remain soft, and there is
no visible improvement in fundamental demand.
๐ ICE Sugar No.5 โ Closing Summary (19.06.2025)
(Exchange rate: 1 USD = 0.93 EUR)
๐ช๐บ EU Market Snapshot โ No Spot Price Reaction to Futures Rally
๐ EU FCA spot prices remain
unchanged at EUR 0.50โ0.52/kg.๐ฆ Industrial demand is still sluggish. Most buyers remain well covered through Q3.๐ง The recent rise in ICE prices has not affected spot offers โ sellers are cautious, and buyers resist.
๐๏ธ Retail Sugar Prices (1 kg, as of 19.06.2025)
๐ Market Comparison Table
๐ Market Drivers
- ๐ Strong technical rebound after recent lows
- ๐งฎ Positioning ahead of Q2 close may explain sudden momentum
- ๐พ No current supply threats from Brazil or India โ harvests progressing well
- ๐ฆ Market remains technically driven, not fundamentally supported
๐ฎ 3-Day Outlook (20โ22 June 2025)
๐
Outlook:Futures may see short-term upside, but a reversal remains possible without physical confirmation.
๐งญ Conclusion & Strategy
โ
Strong technical move driven by fund flows and positioning๐ฆ EU spot remains quiet โ no reaction from physical buyersโ ๏ธ Further upside may be capped near USD 485โ487/t unless supported by real demand
๐ Recommendations:
- ๐ Buyers: Remain patient โ spot prices are still soft and negotiable below EUR 0.52/kg
- ๐ฆ Sellers: Use price recovery for selective Q3 hedging
- ๐ Traders: Monitor volume closely โ breakout above USD 487/t needs confirmation
๐
Summary:The sugar market rebounded sharply, but fundamentals remain unchanged. Unless spot markets follow, this move is likely a
tactical correction rather than a trend change.
