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Monday, 6th December 2021
OVERNIGHT ICE 11 PRICES
| Future | Settlement | Change |
| Mar-22 | 18.75 | +0.13 |
| May-22 | 18.34 | +0.13 |
| Jul-22 | 18.02 | +0.11 |
| Oct-22 | 17.85 | +0.13 |
| Mar-23 | 17.79 | +0.11 |
| May-23 | 17.01 | +0.08 |
| Jul-23 | 16.49 | +0.04 |
| AUD/USD | 0.6998 | -0.0135 |
INDICATIVE ICE 11 PRICES
| ICE#11 USc/lb (Mar22) | 18.62 | 0.02 | 03-Dec-21 | |
| USD/AUD | 0.7094 | -0.0015 | ||
| AUD/mt | ||||
| Season | 2021 | 2022 | 2023 | 2024 |
| Target Price Contract | 576.08 | 546.49 | 501.93 | 480.11 |
| 2.13 | -4.12 | -2.90 | -2.08 | |
| Total adjustment per tonne of sugar | -11.37 | |||
| Grower Floor Price Contract | 516.90 | 467.30 | 441.40 | |
| Season | 2021 | 2022 | 2023 | 2024 |
| Individual Futures & Self Managed Harvest Contract | ||||
| Jul | 555.97 | 510.47 | 482.18 | |
| Oct | 550.20 | 501.39 | 482.35 | |
| Mar | 578.19 | 548.76 | 504.28 | 481.38 |
| May | 564.98 | 525.82 | 490.74 | 470.68 |
| Daily Roll Estimate Mar22 - May22 per tonne of Sugar | 11.02 | |||
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.
Fill highlights
| Most Recent Grower Fills | ||
| Position | Price | Date Filled |
| 2021 | $611.37 | 24/11/21 |
| Mar-22 | $590.00 | 30/11/21 |
| May-22 | $564.70 | 2/21/2021 |
| 2022 | $552.79 | 1/12/21 |
| Jul-22 | $560.00 | 2/12/21 |
| Oct-22 | $576.90 | 24/11/21 |
| Mar-23 | $575.00 | 17/11/21 |
| May-23 | $545.00 | 18/11/21 |
| 2023 | $505.00 | 2/12/21 |
| Jul-23 | $510.00 | 16/11/21 |
| Oct-23 | $504.11 | 29/11/21 |
| Mar-24 | $490.00 | 11/11/21 |
| May-24 | $470.00 | 3/11/21 |
| 2024 | $480.00 | 2/12/21 |
| Jul-24 | $470.00 | 12/11/21 |
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.