Category: Email Submissions

Wednesday, 22 February 2023

The March 2023 contract settled at:  21.33 US c/b

The Australian Dollar currently trades at: 68.53 US cents.

Forward indicative prices in Australian dollars are:

*$638 for Mar Contract 2023 season

$638 for 2022 season

$610 for 2023 season

  $546 for 2024 season       

  $510 for 2025 season

  $487 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.

Tuesday, 21 February 2023

The March 2023 contract settled at:  21.41 US c/b

The Australian Dollar currently trades at: 69.08 US cents.

Forward indicative prices in Australian dollars are:

*$681 for Mar Contract 2023 season

$672 for 2022 season

$603 for 2023 season

 $541 for 2024 season  

 $507 for 2025 season

 $485 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.

Monday, 20 February 2023 

The March 2023 contract settled at:  21.41 US c/b 

The Australian Dollar currently trades at: 68.68 US cents. 

Forward indicative prices in Australian dollars are: 

*$684 for Mar Contract 2023 season 

$676 for 2022 season 

$606 for 2023 season 

$542 for 2024 season           

$508 for 2025 season 

$486 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/mt 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 reflects a whole-of-season weighted average in a 1:2:2:1 ratio across the four applicable futures contracts for the 2022, 2023, 2024 and 2025 seasons

Friday, 17 February 2023 

The March 2023 contract settled at:  21.45 US c/b

The Australian Dollar currently trades at: 68.79 US cents. 

Forward indicative prices in Australian dollars are: 

*$685 for Mar Contract 2023 season 

$676 for 2022 season 

$604 for 2023 season 

$541 for 2024 season           

$504 for 2025 season 

$484 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/mt 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 reflects a whole-of-season weighted average in a 1:2:2:1 ratio across the four applicable futures contracts for the 2022, 2023, 2024 and 2025 seasons

Thursday, 16 February 2023

The March 2023 contract settled at:  21.38 US c/b

The Australian Dollar currently trades at: 69.03 US cents.

Forward indicative prices in Australian dollars are:

*$679 for Mar Contract 2022 season

$670 for 2022 season

$538 for 2023 season

 $503 for 2024 season      

  $481 for 2025 season

The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt 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 reflects a whole-of-season weighted average in a 1:2:2:1 ratio across the four applicable futures contracts for the 2022, 2023, 2024 and 2025 seasons