Month: August 2023

Daily Sugar Price

annmaree dalessandro

Friday, 25 August 2023

The May 2022 contract settled at:  24.29 US c/b 

The Australian Dollar currently trades at: 64.17 US cents. 

Forward indicative prices in Australian dollars are: 

*$826 for Oct Contract 2023 season 

$830 for 2023 season 

$740 for 2024 season           

$649 for 2025 season 

$618 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

annmaree dalessandro

Thursday, 24 August 2023 

The May 2022 contract settled at:  23.85 US c/b 

The Australian Dollar currently trades at: 64.80 US cents. 

Forward indicative prices in Australian dollars are: 

*$807 for Oct Contract 2023 season 

$811 for 2023 season 

$727 for 2024 season           

$644 for 2025 season 

$615 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.