Blog

Sugar:

• Raw sugar prices were almost unchanged during the week, maintaining a 14 USc/lb handle.
• Brazilian Government tax increases to ethanol and gasoline are expected to lift parity levels, but this will be difficult to measure until pump prices are impacted.

Currency/macro comments:

• AUD sustained recent strength into higher ground over the last week, with a weaker USD and sentiment aiding its performance.
• AUD finished the week on the backfoot near USD 0.79.