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QSL Market Update

Wednesday, 09 June 2021

The ICE 11 raw sugar market was closed on Monday last week for the US Memorial Day public holiday, but once trading resumed on Tuesday sugar prices traded towards the higher end of the 17 USc/lb range, with the July 2021 contract reaching a high last Wednesday of 17.93 USc/lb before closing the week at 17.71 USc/lb.

On the currency front, the Australian Dollar traded in a very narrow range for the majority of last week, only taking a brief dip below 77 US cents to its low of 76.46 US cents on Thursday after independent American research institute ADP published strong US employment numbers for May. 

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