MARKET UPDATE - 24 August 2015
Having made some modest moves over the fortnight, the sugar market was on the back foot for the most part, with fresh contract lows followed by a modest recovery which fell away at the period’s end. The October15 contract found a bottom of 10.37c/lb before attempting to stage a recovery back toward 11 cents and closing lower for the week.
MARKET UPDATE - 17 AUGUST 2015
Raw sugar futures kicked off the week in rather flaccid fashion, with fresh contract lows followed by a modest recovery. Some increased volatility across the first two sessions of the week saw the prompt contract, OCT 15, trade down to 10.37c/lb. What followed was a generally stronger bounce, seeing OCT 15 close the week a mere two points higher at 10.68c/lb
MARKET UPDATE - 10 AUGUST 2015
A disjointed fortnight for raw sugar futures saw the prompt October 15 contract trade across a 100-point range. Most notably, a steep weakening in the spot contract resulted in significant contract lows at 10.63c/lb.