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QSL Market Update

Wednesday, 18 November 2020

In this week's QSL Market Update:

  • After a volatile week which saw the prompt ICE 11 contract bounce around on either side of 15 USc/lb but unable to close above it, the raw sugar price finally broke higher and closed above this important threshold in the past two sessions
  • A lack of sugar available for the March 2021 delivery period is fuelling strong prompt prices and healthy premiums, particularly into the Asian market
  • After climbing 2.5 cents against the US Dollar (USD) following the US election, the Australian Dollar (AUD) has paused for breath around 73 US cents in recent sessions, with positive COVID-19 vaccine news helping to outweigh the negative impacts of climbing infection rates in the northern hemisphere

To read our full QSL Market Update, please click here