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Market Snapshot

 

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Tuesday, 24 November 2020

OVERNIGHT ICE 11 PRICES

INDICATIVE ICE 11 PRICES

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 2020 Target Price Contract reflects a whole-of-season weighted average in a 5:1 ratio across the remaining two contracts, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons. 

Fill highlights

2020-SEASON HISTORICAL ICE 11 CHART

This is a whole-of-season ICE 11 price chart for the 2020 Season, based on the current 5:1 pricing ratio applicable to QSL Target Price Contract growers. Source: Bloomberg

2021-SEASON HISTORICAL ICE 11 CHART

This is a whole-of-season ICE 11 price chart for the 2021 Season, based on the current 1:2:2:1 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. 

Disclaimer: The information and views expressed in this report are those of the writer and do not necessarily reflect the views of QSL. This report contains a high level overview of ICE 11 market activity. While care is taken in the preparation of this report, the completeness, reliability or accuracy of the information in this report is not guaranteed. Information about past performance is not an indication of future performance and QSL does not make any representations as to future matters. This update on market activity does not constitute financial or investment advice and QSL does not accept any responsibility to any person for the decisions and actions taken by that person with respect to the information in this report. The contents of this report are copyright to QSL. Any unauthorised use, copying or other dissemination of this information is unlawful and strictly prohibited.