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QSL Weekly Market Update

Monday, 27 November 2017

AUD/metric tonne raw sugar prices remained high after a rocky start to the week.

The Aussie dollar has crept slightly higher, while sugar is holding ground at the top of the market with key price levels for the 2018 and 2019 Seasons still allowing growers to access some good pricing levels.

With little fundamental news, the market remains bearish and we are held at the mercy of the speculators and funds to guide us as we run out of bullish arguments to push the market up.

The funds are no longer short and the surplus is still looming, so the question is, how long can the ethanol story hold the market up for?

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