Day: August 17, 2022

Wednesday, 17 August 2022

The May 2022 contract settled at:  18.27 US c/lb 

The Australian Dollar currently trades at: 70.22 US cents.

Forward indicative prices in Australian dollars are:

*$567 for Oct Contract 2022 season

$571 for 2022 season

$534 for 2023 season

$517 for 2024 season  

  $505 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/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 Target Price Contract reflects a whole-of-season weighted average in a 1:2:2:1 ratio across the four applicable futures contracts for the 2022, 2023, 2024 and 2025 seasons