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QSL Weekly Market Update

Monday, 08 May 2017

It was another poor week for sugar, with only the depreciation in the currency stopping the floor from completely crumbling beneath the AUD/mt price.

Expect the overall tone of the New York sugar dinner to be bearish.

Policy decisions from India and China do not seem forthcoming and any switch to ethanol in Brazil is being delayed without the Brazilian government willing to impose import tariffs.

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