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Kalamia Cane Growers & Kalagro / KCGO News / Industry Information / Events / SRA Media Release

SRA Media Release

January 11, 2024 annmaree dalessandro

SRA Media Release – 11th January 2024

SRA Media Release - 11 January 2024
Events, Industry Information, KCGO News

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Daily Sugar Price
Wilmar 2023 Season December Pool Reports
Thu 21 Nov 2024

Thursday, 21 November 2024

The July 2024 contract settled at:  21.65 US c/lb

The Australian Dollar currently trades at: 65.06 cents

Forward indicative prices in Australian dollars are:

$732 March 25 Contract

$724 for 2024 season

$652 for 2025 season

$605 for 2026 season

$580 for 2027 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 2024 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2025, 2026 and 2027 Seasons.

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Thu 21 Nov 2024

Wednesday, 20 November 2024 

The July 2024 contract settled at:  22.02 US c/lb 

The Australian Dollar currently trades at: 65.32 cents 

Forward indicative prices in Australian dollars are: 

$741 March 25 Contract 

$732 for 2024 season 

$655 for 2025 season           

$603 for 2026 season           

$576 for 2027 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 2024 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2025, 2026 and 2027 Seasons.

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