Thursday, 22 April 2021
The May 2021 contract settled at: 16.94 US c/lb
The Australian Dollar currently trades at: 77.54 US cents
Forward indicative prices in Australian dollars are:
* $471 for May Contract – 2021 season
$478 for 2021 season
$421 for 2022 season
$374 for 2023 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 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.
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Information sourced from QSL