Tuesday, 30 June 2020
In this week's QSL Market Update:
- Raw sugar prices shifted slightly lower during the week, breaking out of the upward trend channel we've seen since late April
- The Commercial sector (buyers and sellers of physical sugar) are currently hedged at record levels for this time of year
- Like sugar, the Aussie has broken the upward trend, grinding lower over the past couple of weeks
- While tensions between Australia and China remain elevated, they are not expected to impact our economic outlook, unless China moves to target our iron ore and coal exports.
To read our full QSL Market Update, please click here.