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QSL Market Update - 7/7/2020

Tuesday, 07 July 2020

Raw sugar prices continue to be dominated by macroeconomic factors, including COVID-19 and its impacts on economic activity and oil/ethanol demand.

The general market outlook appears uncertain, with low volumes being traded and many general speculators sitting it out if they can.

In particular, market focus remains on how Brazil, the USA and India deal with the unfolding pandemic and its implications.