Month: January 2024

Daily Sugar Price

annmaree dalessandro

Thursday, 11 January 2024

 The Mar 2024 contract settled at:  21.41 US c/b

 The Australian Dollar currently trades at: 67.00 cents.

 Forward indicative prices in Australian dollars are:

 $699 for 23 Season

 $702 Mar 24 Contract – 23 Season

 $674 for 2024 season

 $634 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.

 

Daily Sugar Price

annmaree dalessandro

Wednesday, 10 January 2024

 The Mar 2024 contract settled at:  21.70 US c/b

 The Australian Dollar currently trades at: 66.87 cents.

 Forward indicative prices in Australian dollars are:

 $704 for 23 Season

 $707 Mar 24 Contract – 23 Season

 $679 for 2024 season

 $636 for 2025 season       

 $613 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.