Month: March 2023

Wednesday, 29 March 2023

The May 2023 contract settled at:  21.31 US c/b

The Australian Dollar currently trades at: 67.09 US cents.

Forward indicative prices in Australian dollars are:

*$698 for May Contract 2022 season

$698 for 2022 season

$662 for 2023 season

 $585 for 2024 season    

  $537 for 2025 season

 $501 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/tonnes gross actual 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 price currently reflects a 0:3:2:1 pricing ratio for the 2022 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2023, 2024 and 2025 Seasons.

Tuesday, 28 March 2023

The May 2023 contract settled at:  20.93 US c/b

The Australian Dollar currently trades at: 66.51 US cents.

Forward indicative prices in Australian dollars are:

*$694 for May Contract 2022 season

$694 for 2022 season

$658 for 2023 season

 $583 for 2024 season  

 $534 for 2025 season

 $497 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/tonnes gross actual 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 price currently reflects a 0:3:2:1 pricing ratio for the 2022 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2023, 2024 and 2025 Seasons.