Day: February 7, 2023

Tuesday, 7 February 2023

The March 2023 contract settled at:  20.66 US c/b

The Australian Dollar currently trades at: 68.83 US cents.

Forward indicative prices in Australian dollars are:

*$654 for Mar Contract 2023 season

$660 for 2022 season

$592 for 2023 season

 $529 for 2024 season

 $492 for 2025 season

$467 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