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QSL Market Update

Tuesday, 22 January 2019

Last week prices rallied representing a retracement of the previous week’s losses. The MAR19 contract reached a low of 12.63c/lb on Monday, before posting its high on Wednesday at 13.27c/lb, closing the week at 12.78c/lb. Crude oil stable, ethanol parity rising to induce Centre South (CS) Brazil sugar production and rumours of less Indian exports are among the reasons for the rally. To read our full market update, click here