Day: March 17, 2021

Wednesday, 17 March 2021

The May 2021 contract settled at:  16.30 US c/lb

The Australian Dollar currently trades at:  77.46 US cents

Forward indicative prices in Australian dollars are:

* $462 for May Contract – 2020 season

$462 for 2020 season

$446 for 2021 season

$403 for 2022 season

$378 for 2023 season

The 2020 Target Price Contract reflects a whole-of-season weighted average in a 5:1 ratio across the remaining two contracts, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

Jul 20 – Mar 21 Actual roll adjustment per tonne of sugar – -9.43

Mar21 – May 21 Actual roll adjustment per tonne of sugar – +22.06

Total Actual Roll Adjustment per tonne of sugar – +12.63

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Information sourced from QSL