Tuesday, 10 October 2017
An up but ultimately down week for sugar while the Australian Dollar (AUD) continues to sag lower, resulting in a pretty neutral move in AUD/mt terms week-on-week.
The OCT17 ICE 11 contract expiry should be viewed as fairly neutral and despite signs of MAR18 wanting to break out of the upper end of its range, the market is still under a cloud, with surplus supply still hanging heavy.
Whilst the US Dollar remains on the march, sugar will struggle to get any real traction.
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