Thursday, 2 February 2023
The March 2023 contract settled at: 21.37 US c/b
The Australian Dollar currently trades at: 71.36 US cents.
Forward indicative prices in Australian dollars are:
*$653 for Mar Contract 2023 season
$659 for 2022 season
$580 for 2023 season
$518 for 2024 season
$482 for 2025 season
$458 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