Month: July 2023

Friday, 7 July 2023 

The May 2023 contract settled at:  23.25 US c/b 

The Australian Dollar currently trades at: 66.26 US cents. 

Forward indicative prices in Australian dollars are: 

$763 for 23 Season 

$772 Jul Contract 23 Season 

$679 for 2024 season 

$626 for 2025 season           

$596 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.

Thursday, 6 July 2023

The May 2023 contract settled at:  23.53 US c/b

The Australian Dollar currently trades at: 66.55 US cents.

Forward indicative prices in Australian dollars are:

$768 for 23 Season 

$777 Jul Contract 23 Season

$685 for 2024 season

 $631 for 2025 season       

 $598 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.

Wednesday, 5 July 2023 

The May 2023 contract settled at:  23.32 US c/b

The Australian Dollar currently trades at: 66.92 US cents.

Forward indicative prices in Australian dollars are:

$758 for 23 Season

$767 Jul Contract 23 Season

$687 for 2024 season

 $636 for 2025 season

 $604 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.