Day: May 11, 2023

Thursday, 11 May 2023

The May 2023 contract settled at:  26.19 US c/b

The Australian Dollar currently trades at: 67.62 US cents.

Forward indicative prices in Australian dollars are:

$832 for 23 Season 

$862 Jul Contract 23 Season

$699 for 2024 season

  $614 for 2025 season    

  $553 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.