Day: December 14, 2022

Wednesday, 14 December 2022

The March 2023 contract settled at:  19.76 US c/b

The Australian Dollar currently trades at: 68.55 US cents.

Forward indicative prices in Australian dollars are:

*$622 for Mar Contract 2023 season

$622 for 2022 season

$558 for 2023 season

           $518 for 2024 season        

            $497 for 2025 season

$482 for 2026 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