QCS in-season pricing
2021 Season pool prices
at 1 April 2022
AUD IPS t
QCS Short Term Pool
510.56
QCS Shared Pool
1,956.68
Sugar
Despite a relief rally erasing the previous day’s losses, raw sugar futures were subdued last week.
In India, harvesting continues to push along well, however, exports have stalled whilst mills await direction on Government subsidies.
Similarly, the Thai harvest is progressing well, thanks to better yields and operational mills.
With the annual Dubai Sugar Conference now complete, in the coming days we will start to see reports of points of interest.
Macro/currency commentary
The AUD was on the back foot last week, despite a change in rhetoric from the RBA.
The AUD continues to gyrate above and below USD 0.71 this week.
A handful of US and Chinese economic data is due tonight and tomorrow to round out the week.
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