Day: January 27, 2023

Friday, 27 January 2023 

The March 2023 contract settled at:  20.68 US c/b 

The Australian Dollar currently trades at: 71.15 US cents. 

Forward indicative prices in Australian dollars are: 

*$639 for Mar Contract 2023 season 

$632 for 2022 season 

$558 for 2023 season 

$508 for 2024 season           

$480 for 2025 season 

$462 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