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QSL Market Update

Wednesday, 16 September 2020

In this week's QSL Market Update:

  • The most active MAR21 contract was trapped in a relatively narrow range last week, trading between 12.45 USc/lb and 12.78 USc/lb
  • Brazil remains on track to produce 36-37 million tonnes of sugar this year, with no incentive to switch to ethanol
  • The sugar market continues to wait for news on the expected India export subsidy, with recent speculation that the Indian government is set to pay around 500 billion rupees
  • The Australian Dollar (AUD) has stabilised at around 73 cents against the US Dollar (USD) over the last couple of sessions

To read our full QSL Market Update, please click here