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.