• QCS market report 22 November 2019 22 November 2019


    • A relatively quiet month for raw sugar futures, with the prompt March20 contract trading in a 12–13 USc/lb range following the October19 contract expiry.
    • Trade flows remain balanced in the near term, with many analysts expecting a global deficit from Q2 2020 and beyond.
    • Near-record short spec positions have also helped keep prices afloat above 12 USc/lb.
    • While there is support for prices at current levels, large stockpiles in India and China are keeping the market at bay.

    Macro/currency commentary

    • A recovery in the AUD was short lived as local issues outweighed weakness in the USD
    • Trade uncertainty continues to weigh on the AUD.
    • The RBA remains in play, with the latest meeting minutes indicating a case could be made to reduce interest rates.
    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