• QCS Weekly Market Report 26 March 2018 26 March 2018

    Sugar

    • On the back of further upward crop revisions in Thailand and India, raw sugar futures printed fresh lows, seen last in September 2015.
    • In addition to further upward crop revisions, the Indian Government scrapped their export quota, as fears of even more sugar on the market shook the global market.
    • Brazil and its ethanol output will be watched by more as many speculate on how much sugar and ethanol is produced this coming season.

    Macro/currency commentary

    • The AUD is currently being led by a strong macro USD and Euro theme.
    • A short week for markets given the Good Friday public holiday, with very little on the economic data calendar.
    • Expect price action to ramp up again next week as markets return from the long weekend and there is a bigger window for US President Trump to reply to China’s trade responses.
    Read full article
  • QCS Weekly Market Report 8 March 2018 8 March 2018

    Sugar

    • Raw sugar futures have struggled to break free of the last month’s 13–14 USc/lb range.
    • Upward revision of the Indian crop from 26mmt to 29mmt drove the market lower on Wednesday.
    • The market is still ‘talking’ about a statistical surplus, however, we are yet to see this manifest in the physical trade flows.

    Macro/currency commentary

    • A volatile month for the AUD, testing highs near USD 0.80 before sliding to near USD 0.77.
    • AUD strength stalled in response to FOMC indications that US interest rates may have room to move higher, with faster-than-expected inflation growth.
    • The RBA left rates on hold, with minimal change to the policy statement.
    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