• Weekly Market Report 24 July 2017 24 July 2017

    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.
    Read full article
  • Weekly Market Report 17 July 2017 17 July 2017

    Sugar

    • Raw sugar futures were on the back foot on Monday night after Indian import duty increases and more cuts to gasoline prices saw sugar prices crumble.
    • Sugar firmed in the back end of the week, erasing Monday’s losses to settle in front.

    Currency/macro comments

    • The AUD was the performer of the week, surpassing USD 0.78.
    • US retail sales and CPI missed market expectations, causing the USD to tumble.
    • Tuesday’s RBA minutes will be monitored for changes in communications on growth and inflation.
    Read full article
  • Weekly Market Report 10 July 2017 10 July 2017

    Sugar

    • Bouncing around a 13.50–14 USc/lb range all week, prices surged higher on Friday night following another gasoline price cut by Petrobras.
    • A bearish fundamental backdrop makes it difficult to see upside above 14.50 USc/lb.

    Currency/macro comments

    • A run at USD0.77 was short lived over the past week as the AUD slipped back toward USD0.76 and firmed.
    • The RBA left rates on hold and released a statement with minor dovish changes.
    • USD strength was muted on softer wage growth and unemployment numbers, despite a 222k increase in jobs.
    Read full article

Login to the Pricing Portal

If QCS is the marketer for all or some of your GEI sugar and you would like to forward price online, please contact us  to arrange access to the Pricing Portal.

Pricing Portal