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Monday, 6th December 2021
OVERNIGHT ICE 11 PRICES
INDICATIVE ICE 11 PRICES
|ICE#11 USc/lb (Mar22)||19.16||0.41||07-Dec-21|
|Target Price Contract||595.13||559.83||507.04||478.54|
|Total adjustment per tonne of sugar||-11.37|
|Grower Floor Price Contract||529.50||472.70||439.10|
|Individual Futures & Self Managed Harvest Contract|
|Daily Roll Estimate Mar22 - May22 per tonne of Sugar||12.33|
The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/tonnes 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 reflects the price of a 5:1 ratio across the remaining applicable futures contracts for the 2021 season and a 1:2:2:1 ratio across the four applicable futures contracts for the 2022 and 2023 Seasons.
|Most Recent Grower Fills|
2021-SEASON HISTORICAL ICE 11 CHART
This is a whole-of-season ICE 11 price chart for the 2021 Season, based on the current 5:1 pricing ratio applicable to QSL Target Price Contract growers. Source: Bloomberg
2022-SEASON HISTORICAL ICE 11 CHART
This is a whole-of-season ICE 11 price chart for the 2022 Season, based on the current 1:2:2:1 pricing ratio applicable to QSL Target Price Contract growers. Source: Bloomberg.
2023-SEASON HISTORICAL ICE 11 CHART
This is a whole-of-season ICE 11 price chart for the 2023 Season, based on the current 1:2:2:1 pricing ratio applicable to QSL Target Price Contract growers. Source: Bloomberg.