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Monthly Market and Grower Pricing Update

Friday, 23 April 2021

Bullish sentiment returned to the ICE 11 sugar market in April, with the prompt May 2021 contract rallying a massive 221 points from the beginning of the month, climbing from 14.71 USc/lb up to 16.92 USc/lb by 23 April.

Meanwhile the Australian Dollar (AUD) traded sideways for another month, trading in the broader 75-78 US cents range with no key signs of breaking away in either direction.

The market rally experienced in April prompted a huge increase in grower pricing activity, with QSL filling over 200,000 tonnes of 2021-Season orders in the two weeks from 12 April.

Click here to read our full Update.