Wednesday, 07 April 2021
In this week's QSL Market Update:
- The May 21 contract traded under 15 USc/lb for the majority of the week, reaching a low of 14.67 USc/lb on Thursday (1 April) before closing the week at 14.71 USc/lb.
- UNICA, the Brazilian Sugarcane Industry Association, estimates that by 31 March only 54 mills had begun crushing cane in Brazil. This figure is down from 87 mills at the same time last year.
- The AUD retreated to a low of 75.32 US cents on Friday before making a slight recovery and closing the week at 76.15 US cents.
To read our full QSL Market Update, please click here.