Month: January 2024

Daily Sugar Price

annmaree dalessandro

Friday, 19 January 2024

 The Mar 2024 contract settled at:  23.04 US c/lb

 The Australian Dollar currently trades at: 65.73 cents

 Forward indicative prices in Australian dollars are:

 $765 for 23 Season

 $770 Mar 24 Contract – 23 Season

 $717 for 2024 season

 $657 for 2025 season

 $619 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.

Daily Sugar Post

annmaree dalessandro

Thursday, 18 January 2024

The Mar 2024 contract settled at:  22.35 US c/lb

The Australian Dollar currently trades at: 65.52 cents

Forward indicative prices in Australian dollars are:

$746 for 23 Season

$750 Mar 24 Contract – 23 Season

$709 for 2024 season

$657 for 2025 season

 $624 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.