Monday, 30 April 2018
AUD/mt prices moved to new lows as the surplus weighed heavily on the market last week.
We saw 2018 lows around $345 and 2019 at $385 before the market lifted again towards week's end.
The downward trend in currency is holding up AUD levels as the sugar market continues its bearish path, but until sugar prices stay low for long enough to generate a supply response, the surplus will remain in place.
The mantra remains to sell any rallies and sell them in size.