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QSL Weekly Market Update

Monday, 06 November 2017

A relatively good week, with the Australian Dollar stabilising below 0.7700 and sugar continuing to build on last week’s rally.

Even though it got the wobbles mid-week, it managed to hold, closing 25pts down on the week.

Prices continued to provide reasonable hedging levels for current and forward seasons during the week, with the MAR18 ICE 11 contract reaching a high of 14.84c/lb.

The market remains trapped between 15.00-13.75c/lb, without any fresh fundamentals to assist in a break from the range.

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