Category: Email Submissions

Wednesday, 10 April 2024

The May 2024 contract settled at:  21.49 US c/lb

The Australian Dollar currently trades at: 66.29 cents

Forward indicative prices in Australian dollars are:

$712 for 23 Season

$712 May 24 Contract – 23 Season

$694 for 2024 season

$651 for 2025 season

$611 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, 9 April 2024

The May 2024 contract settled at:  21.59 US c/lb

The Australian Dollar currently trades at: 66.04 cents

Forward indicative prices in Australian dollars are:

$719 for 23 Season

$719 May 24 Contract – 23 Season

$700 for 2024 season

$654 for 2025 season

$615 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, 8 April 2024 

The May 2024 contract settled at:  21.99 US c/lb 

The Australian Dollar currently trades at: 65.68 cents 

Forward indicative prices in Australian dollars are: 

$735 for 23 Season 

$735 May 24 Contract – 23 Season 

$713 for 2024 season 

$660 for 2025 season           

$615 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.

Friday, 5 April 2024

The May 2024 contract settled at:  22.36 US c/lb

The Australian Dollar currently trades at: 65.88 cents

Forward indicative prices in Australian dollars are:

$740 for 23 Season

$740 May 24 Contract – 23 Season

$719 for 2024 season

$661 for 2025 season

$618 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.

Thursday, 4 April 2024 

The May 2024 contract settled at:  22.22 US c/lb 

The Australian Dollar currently trades at: 65.65 cents 

Forward indicative prices in Australian dollars are: 

$745 for 23 Season 

$745 May 24 Contract – 23 Season

 $721 for 2024 season 

$664 for 2025 season           

$620 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.