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QSL Market Update

Wednesday, 02 June 2021

It was a slow start to the week for the ICE 11 market before raw sugar prices improved on Friday off the back of the Brazilian government announcing a water emergency alert for five Brazilian states. The prompt July contract pushed as high as 17.69 USc/lb before closing the week at 17.36 USc/lb.

On the currency front, the Australian Dollar traded in the 77-78 US cent range for yet another week, only briefly dipping out of this territory on Friday to a low of 76.77 US cents. 

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