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QSL Market Update

Monday, 03 June 2019

Sugar prices surged last Friday, breaking the 12c/lb handle for the first time in three weeks. The Jul19 contract made its low on Tuesday at 11.60c/lb before peaking on Friday at 12.13c/lb, closing the week at 12.10c/lb.

Speculators covering short positions, as well as trade house suspicions around a smaller-than-expected Jul19 delivery were among the reasons prices went up this week.

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