Month: October 2023

Tuesday, 24 October 2023

The Mar 2024 contract settled at:  27.48 US c/b

The Australian Dollar currently trades at: 63.36 cents.

Forward indicative prices in Australian dollars are:

$941 for 23 Season

$939 Mar 24 Contract – 23 Season 

$832 for 2024 season

$725 for 2025 season           

$675 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 2023 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2024, 2025 and 2026 Seasons.