You are here

QSL Monthly Market Update

Monday, 10 July 2017

The July 2017 ICE 11 contract expiry failed to flush out any sizeable pent up demand and during the month there were some further gasoline price reductions in Brazil which meant that sugar production continued to be maximized for this period.

Brazil ethanol parity has dropped further on the back of the gasoline cuts and is now at around 12 c/lb.

The Brazilian Real weakened a little during the month, also contributing to further pressure on sugar. 

To read our full report, please click here.