Author: Kalagro

Tuesday, 9 April 2024

The May 2024 contract settled at:  21.59 US c/lb

The Australian Dollar currently trades at: 66.04 cents

Forward indicative prices in Australian dollars are:

$719 for 23 Season

$719 May 24 Contract – 23 Season

$700 for 2024 season

$654 for 2025 season

$615 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 2023 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2024, 2025 and 2026 Seasons.

Friday, 5 April 2024

The May 2024 contract settled at:  22.36 US c/lb

The Australian Dollar currently trades at: 65.88 cents

Forward indicative prices in Australian dollars are:

$740 for 23 Season

$740 May 24 Contract – 23 Season

$719 for 2024 season

$661 for 2025 season

$618 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 2023 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2024, 2025 and 2026 Seasons.

Wednesday, 3 April 2024

The May 2024 contract settled at:  22.32 US c/lb

The Australian Dollar currently trades at: 65.18 cents

Forward indicative prices in Australian dollars are:

$753 for 23 Season

$753 May 24 Contract – 23 Season

$732 for 2024 season

$670 for 2025 season

$626 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 2023 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2024, 2025 and 2026 Seasons.