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QSL Market Update

Tuesday, 08 May 2018

Rallies in the sugar price and AUD weakness gave growers a little boost over the week, with AUD/mt levels for 2018 around $365 and 2019 and 2020 breaking above $400 once again.

There are a few green shoots of hope coming out of Brazil but it is very early in the harvest to be making any predictions. India have not finalised their crop numbers as mills continue to crush.

The surplus may get smaller but at the end of the day it is still a surplus no matter who you look at it. With producers underpriced in the market, every rally will be jumped upon, so the trick is to price when you see it.

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