Author: Kalagro

Tuesday, 16 July 2024

The July 2024 contract settled at:  19.76 US c/lb

The Australian Dollar currently trades at: 67.60 cents

Forward indicative prices in Australian dollars are:

$642 October 24 Contract

$643 for 2024 season

$600 for 2025 season

$571 for 2026 season

$553 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 2024 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2025, 2026 and 2027 Seasons.