Monday, 15 March 2021
The May 2021 contract settled at: 16.13 US c/lb
The Australian Dollar currently trades at: 77.50 US cents
Forward indicative prices in Australian dollars are:
* $457 for May Contract – 2020 season
$457 for 2020 season
$442 for 2021 season
$402 for 2022 season
$380 for 2023 season
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 5:1 ratio across the remaining two contracts, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.
Jul 20 – Mar 21 Actual roll adjustment per tonne of sugar – -9.43
Mar21 – May 21 Actual roll adjustment per tonne of sugar – +22.06
Total Actual Roll Adjustment per tonne of sugar – +12.63
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Information sourced from QSL