Month: January 2024

Wednesday, 17 January 2024 

The Mar 2024 contract settled at:  22.52 US c/lb 

The Australian Dollar currently trades at: 65.84 cents 

Forward indicative prices in Australian dollars are: 

$746 for 23 Season 

$750 Mar 24 Contract – 23 Season 

$706 for 2024 season 

$651 for 2025 season           

$621 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.

Tuesday, 16 January 2024 

The Mar 2024 contract settled at:  21.60 US c/lb 

The Australian Dollar currently trades at: 66.60 cents 

Forward indicative prices in Australian dollars are: 

$709 for 23 Season 

$712 Mar 24 Contract – 23 Season 

$681 for 2024 season 

$637 for 2025 season           

$616 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.

Monday, 15 January 2024 

The Mar 2024 contract settled at:  21.61 US c/lb 

The Australian Dollar currently trades at: 66.91 cents 

Forward indicative prices in Australian dollars are: 

$708 for 23 Season 

$711 Mar 24 Contract – 23 Season 

$679 for 2024 season 

$635 for 2025 season           

$614 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.

Friday, 12 January 2024

The Mar 2024 contract settled at:  21.76 US c/lb

The Australian Dollar currently trades at: 66.88 cents.

Forward indicative prices in Australian dollars are:

$715 for 23 Season

$718 Mar 24 Contract – 23 Season

$684 for 2024 season

$639 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.