Month: November 2021

 

DAILY SUGAR MARKET INFORMATION

Courtesy of Kalagro Limited

Enhancing the Productivity and Profitability of Growers

Thursday, 25 November 2021

The March 2021 contract settled at:  19.93 US c/b

The Australian Dollar currently trades at: 71.96 US cents.

Forward indicative prices in Australian dollars are:

*$606 for Mar Contract 2021 season 

$608 for 2021 season 

$572 for 2022 season

    $504 for 2023 season   

    $472 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.

 

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.