Author: annmaree dalessandro

Daily Sugar Price

annmaree dalessandro

Monday, 4 December 2023 

The May 2022 contract settled at:  25.09 US c/b 

The Australian Dollar currently trades at: 66.51 US cents. 

Forward indicative prices in Australian dollars are: 

*$819 for Oct Contract 2023 season 

$824 for 2023 season 

$761 for 2024 season           

$700 for 2025 season 

$670 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 2022 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2023, 2024 and 2025 Seasons.

 

Daily Sugar Price

annmaree dalessandro

Friday, 1 December 2023 

The Mar 2024 contract settled at:  26.04 US c/b 

The Australian Dollar currently trades at: 66.05 cents. 

Forward indicative prices in Australian dollars are: 

$856 for 23 Season 

$862 Mar 24 Contract – 23 Season 

$783 for 2024 season 

$707 for 2025 season           

$670 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.