MARKET UPDATE - 29 June 2015
Despite a previous week of consecutive life-of-contract lows, raw sugar futures staged a respectable recovery over the past week. Flat prices bounced for the most part, with the soon-to-expire July 15 contract no exception.
qsl statement - legal action
On Tuesday 23 June 2015, Wilmar instituted separate legal proceedings against QSL in relation to certain costs associated with the 2010 sugar production season.
In relation to these separate legal proceedings now instituted by Wilmar against QSL, QSL rejects Wilmar's claims and intends to vigorously defend them.
MARKET UPDATE - 22 June 2015
Raw sugar futures spiralled downhill as we saw life-of-contract lows for almost all sessions across the week. Spot month July peaked at 11.66 c/lb on Monday and bottomed out at 11.10 c/lb on Friday, to reiterate the downward slide.