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QSL Market Update

Tuesday, 19 February 2019

It was an interesting week for the raw sugar market, with 650-plus delegates from the global sugar world descending on Dubai for the annual sugar conference.

Main topics of discussion centred around Indian stocks/exports and the ethanol mix for the upcoming Brazilian harvest, but by and large sentiment remained with a 12-14c/lb range-bound market and green shoots of optimism later in the year the general view.

The Aussie dollar was skittish, drifting aimlessly over a 0.7050-0.7150 range while we await some sort of macro driver to ‘take the wheel’.

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