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QSL Market Update

Thursday, 17 May 2018

New York Sugar Week focused mainly on Brazil, with much debate around the state of the crop.

Even though the debate was about how much to reduce the crop by, it did little to boost the sugar price. The Australian sugar price remained range-bound, trading to a high midweek before falling once again to $350 AUD/mt levels for the 2018 Season.

A sugar level around 11.00 US c/lb seems to be the market floor at the moment, but any news of more exports or larger crops for the 2019 Season could see the market break that level.

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