Day: February 3, 2023

Friday, 3 February 2023 

The March 2023 contract settled at:  21.66 US c/b 

The Australian Dollar currently trades at: 71.36 US cents. 

Forward indicative prices in Australian dollars are: 

*$673 for Mar Contract 2023 season 

$666 for 2022 season 

$593 for 2023 season 

$527 for 2024 season           

$488 for 2025 season 

$464 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