SWEET FM 97.1
DAILY SUGAR MARKET INFORMATION
Courtesy of Kalagro Limited
Enhancing the Productivity and Profitability of Growers
Wednesday, 24 November 2021
The March 2021 contract settled at: 20.11 US c/b
The Australian Dollar currently trades at: 72.28 US cents.
Forward indicative prices in Australian dollars are:
*$606 for Mar Contract 2021 season
$608 for 2021 season
$571 for 2022 season
$501 for 2023 season
$471 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/tonnes actual 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 Target Price Contract reflects the price of a 5:1 ratio across the remaining applicable futures contracts for the 2021 season and a 1:2:2:1 ratio across the four applicable futures contracts for the 2022 and 2023 Seasons.
