Market Update – March 2024
![](https://www.msfsugar.com.au/wp-content/uploads/2024/03/Sugar-Loading-Cairns-5-300x290.jpg)
Market update summary The spot ICE11 raw sugar price peaked at 28.14 cents per pound in November 2023. A weak AUD through October-November 2023 saw forward sugar prices in Aussie dollar terms surge to multi year highs. Significant upward revisions to Brazil’s forecast sugarcane crop in late 2023 resulted in a large raw sugar sell-off…