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Daily Sugar Price

annmaree dalessandro

Monday, 11 March 2024 

The May 2024 contract settled at:  21.15 US c/lb 

The Australian Dollar currently trades at: 66.28 cents 

Forward indicative prices in Australian dollars are: 

$702 for 23 Season 

$702 May 24 Contract – 23 Season 

$693 for 2024 season 

$658 for 2025 season           

$622 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.

Daily Sugar Post

Kalagro

Friday, 8 March 2024

The May 2024 contract settled at:  21.29 US c/lb

The Australian Dollar currently trades at: 66.19 cents

Forward indicative prices in Australian dollars are:

$706 for 23 Season

$706 May 24 Contract – 23 Season

$698 for 2024 season

$662 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.

Daily Sugar Price

Kalagro

Thursday, 7 March 2024

The May 2024 contract settled at:  21.45 US c/lb

The Australian Dollar currently trades at: 65.64 cents

Forward indicative prices in Australian dollars are:

$716 for 23 Season

$716 May 24 Contract – 23 Season

 $704 for 2024 season

 $667 for 2025 season

 $629 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.

Daily Sugar Price

Kalagro

Wednesday, 6 March 2024

The May 2024 contract settled at:  20.87 US c/lb

The Australian Dollar currently trades at: 65.03 cents

Forward indicative prices in Australian dollars are:

$703 for 23 Season

$703 May 24 Contract – 23 Season

$695 for 2024 season

$665 for 2025 season

 $631 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.