Day: June 1, 2022

Wednesday, 1 June 2022

The May 2022 contract settled at:  19.40 US c/lb

The Australian Dollar currently trades at: 71.77 US cents.

Forward indicative prices in Australian dollars are:

*$597 for July Contract 2022 season

$592 for 2022 season

$571 for 2023 season

  $544 for 2024 season     

 $520 for 2025 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.