Month: June 2024

Wednesday, 26 June 2024 

The May 2024 contract settled at:  19.10 US c/lb 

The Australian Dollar currently trades at: 66.58 cents 

Forward indicative prices in Australian dollars are: 

$641 July 24 Contract 

$632 for 2024 season 

$601 for 2025 season           

$574 for 2026 season           

$564 for 2027 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, 24 June 2024 

The May 2024 contract settled at:  18.97 US c/lb 

The Australian Dollar currently trades at: 66.39 cents 

Forward indicative prices in Australian dollars are: 

$634 July 24 Contract 

$631 for 2024 season 

$599 for 2025 season           

$577 for 2026 season           

$568 for 2027 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, 21 June 2024

The May 2024 contract settled at:  18.89 US c/lb

The Australian Dollar currently trades at: 66.56 cents

Forward indicative prices in Australian dollars are:

$627 July 24 Contract

$629 for 2024 season

$596 for 2025 season

$577 for 2026 season

$568 for 2027 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.