News

 

market update

It’s been a volatile fortnight for the raw sugar market, as it fluctuated back and forth without any true sugar fundamentals guiding its direction. The MAY15 contract traded from a high of 13.56c/lb to a new life-of-contract low of 12.39 c/lb, while the rest of the board also slumped to new life-of-contract lows. Even though the market was volatile it managed to only lose two points over the week to close the fortnight at 12.68c/lb for the MAY15 position.

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QSL Media release - QSL SHIPMENT MAKES HISTORY 

A new chapter in the history of the Queensland sugar industry was written in Cairns today when Queensland Sugar Limited (QSL) loaded the first shipment of high-polarity Brand 1 raw sugar bound for Japan.The cargo of 26,000 tonnes of North Queensland raw sugar will set sail from the Cairns Bulk Sugar Terminal for one of QSL’s Japanese refining customers tomorrow morning aboard the Transformer.

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market update

The Raw Sugar Market has made a modest recovery from the losses of last week, with the MAY15 contract closing 20 points higher today at 12.90c/lb.  The rest of the board also finished between 13 and 20 points higher, triggering minor speculative buying.

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MArket update

The MAY15 Contract has assumed the prompt contract very much on the back foot following the 1 million tonne March expiry. The first half of last week was a stair-step lower from 13.80 levels to a new life-of-contract low of 13.16 c/lb, while the rest of the board also slumped to new life-of-contract lows. Thursday and Friday saw some consolidation in prices following confirmation of the mandated ethanol blend increase from 25 per cent to 27 per cent in Brazil.

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market update

Bearish sentiment continues to dominate the raw sugar market, with the MAR15 contract expiring with just 19,995 contracts (1 million tonnes) delivered to the tape last Friday.  Last Friday also saw MAY15 and JUL15 contracts post new life-of-contract lows, with sugar prices inching below 14c/lb.  Such prices seem to reflect the very little risk premium for weather, or any significant events or policy changes in sugar producing countries.

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market update

Bearish sentiment continues to dominate the raw sugar market, with the MAR15 contract expiring with just 19,995 contracts (1 million tonnes) delivered to the tape last Friday.  Last Friday also saw MAY15 and JUL15 contracts post new life-of-contract lows, with sugar prices inching below 14c/lb.  Such prices seem to reflect the very little risk premium for weather, or any significant events or policy changes in sugar producing countries.

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MARKET UPDATE

The past fortnight has been relatively active in terms of volumes on the Raw Sugar market, with nearly every session trading 100,000 contracts or more.

However, trading ranges have been fairly narrow, with the prompt month spending the majority of the time between 14.50c/lb and 15.10c/lb, before closing the period at 14.39c/lb.

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Market UpdatE

It was an interesting week for the Raw Sugar market, with trading fairly subdued after last fortnight’s flurry of activity. The front of the curve has made more gains than the back of the curve as the market focuses on the upcoming expiry.

The MAR15 traded inside the range to a high of 15.05c/lb and then to low of 14.50c/lb before closing the week at 14.88c/lb, up 37 points for the week.

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QSL Industry relationship Managers update

To view this week's IRM update please click here

QSL Media release - QSL proudly supports 2015 Women in Sugar Australia Conference

Queensland Sugar Limited (QSL) is proud to be a major supporter of this year’s Women in Sugar Australia (WISA) Conference, to be held in Ingham on 10 and 11 March 2015.
 
QSL Industry Relationship Manager Carla Keith said the event brings together women from all facets of the sugar industry and encourages them to share ideas and experiences. 
 

qsl market update

After a steady comeback to start the year for raw sugar, the market has retreated from the upper 15-cent level over the fortnight, making an early high of 15.51c/lb before trading to low of 14.22c/lb, eventually closing the period at 14.51c/lb.

The remainder of the curve has also crumbled away with no real major developments guiding the market resulting in a marked strengthening of the MAR/MAY spread in from -25 points to just -7. 

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qsl market update

After a steady comeback to start the year for the raw sugar market, the market collapsed over the week, making a high of 15.51c/lb and trading to low of 14.67c/lb to close the week at 14.79c/lb for the prompt. The remainder of the curve has also crumbled away with no real major developments guiding the market. The Brazilian Real and Indian Rupee weakened off the back of a strong US dollar, while the Non-Index funds reduced their net short position to bring their books back to square.

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qsl market update

Since its early 2015 trough where a succession of contract lows were made, the raw sugar market has made steady progress building back towards the 16-cent level. Since the end of the last fortnight MAR15 has advanced 101 points to settle at 15.92 on Wednesday night. MAY15 and JUL15 have moved slightly less, with the front spread moving in from near 30 points to 19. The last couple of sessions have also seen a significant uplift in volumes, with many speculative investors moving to cover their short positions and commercial sellers only too willing to sell to them.

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