Day: May 17, 2021

Monday, 17 May 2021

The July 2021 contract settled at:  16.96 US c/lb

The Australian Dollar currently trades at:  77.83 US cents

Forward indicative prices in Australian dollars are:

* $480 for July Contract – 2021 season

$478 for 2021 season

$434 for 2022 season

$388 for 2023 season

$348 for 2024 season

The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt price. The prices have been adjusted to include Over-the-Counter (OTC) margin fees charged by banking institutions and, therefore, may differ from daily prices quoted by the ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in Sugar (GEI Sugar). Values also do not account for any adjustments resulting from local grower-miller pricing arrangements.
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

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Information sourced from QSL