Month: April 2024

Friday, 26 April 2024 

The May 2024 contract settled at:  19.48 US c/lb 

The Australian Dollar currently trades at: 65.21 cents 

Forward indicative prices in Australian dollars are: 

$641 July 24 Contract 

$642 for 2024 season 

$625 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.

Wednesday, 24 April 2024

The May 2024 contract settled at:  19.91 US c/lb

The Australian Dollar currently trades at: 64.87 cents

Forward indicative prices in Australian dollars are:

$664 May 24 Contract – 23 Season

$664 for 2024 season

$641 for 2025 season

$627 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, 23 April 2024

The May 2024 contract settled at:  19.80 US c/lb

The Australian Dollar currently trades at: 64.50 cents

Forward indicative prices in Australian dollars are:

$674 for 23 Season

$674 May 24 Contract – 23 Season

$666 for 2024 season

$642 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.

Monday, 22 April 2024

The May 2024 contract settled at:  19.73 US c/lb

The Australian Dollar currently trades at: 64.14 cents

Forward indicative prices in Australian dollars are:

$676 for 23 Season

$676 May 24 Contract – 23 Season

$666 for 2024 season

$640 for 2025 season

$625 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.