Wednesday, 29 July 2020
In this week's QSL Market Update
- After the previous dull week of trading, the sugar market has rallied a little in recent days but still remains below the significant 12.30 USc/lb technical barrier
- A resurgence of the yellow virus in European sugar beet crops due to a recent change to pesticide regulations continues to cause concerns for European sugar producers
- Market sentiment regarding the Australian Dollar (AUD) remains optimistic, with some pundits predicting it will hit 75 cents against the US Dollar (USD) by Quarter 4
To read our full QSL Market Update, please click here.