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Oil jumps, sugar slumps, and every cane grower is left asking the same thing: what actually moves the price from here? We sit down to unpack the March 2026 global sugar market update, starting with the shock coming out of the Middle East and why a surge in crude oil can ripple straight into farm-gate reality through freight, fertiliser, fuel and broader cost pressures. If you’re watching margins tighten, this is the context you need before making any big calls.