Month: June 2023

Daily Sugar Price

Kalagro

Friday, 2 June 2023 

The May 2023 contract settled at:  24.88 US c/b 

The Australian Dollar currently trades at: 65.71 US cents. 

Forward indicative prices in Australian dollars are: 

$830 for 23 Season 

$807 Jul Contract 23 Season 

$715 for 2024 season 

$634 for 2025 season           

$580 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.

 

 

Daily Sugar Price

Kalagro

Thursday, 1 June 2023

The May 2023 contract settled at:  25.06 US c/b

The Australian Dollar currently trades at: 65.03 US cents.

Forward indicative prices in Australian dollars are:

$820 for 23 Season

$847 Jul Contract 23 Season

$715 for 2024 season

$630 for 2025 season

 $572 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.