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Friday, 1st July 2022
OVERNIGHT ICE 11 PRICES
| Future | Settlement | Change |
| Oct-22 | 18.50 | -0.01 |
| Mar-23 | 18.77 | -0.01 |
| May-23 | 18.21 | +0.03 |
| Jul-23 | 17.94 | +0.06 |
| Oct-23 | 17.89 | +0.10 |
| Mar-24 | 18.03 | +0.09 |
| May-24 | 17.47 | +0.08 |
| AUD/USD | 0.6889 | -0.0009 |
INDICATIVE ICE 11 PRICES
| ICE#11 USc/lb (Oct22) | 18.50 | -0.01 | 01-Jul-22 | |
| USD/AUD | 0.6889 | -0.0009 | ||
| AUD/mt | ||||
| Season | 2022 | 2023 | 2024 | 2025 |
| Target Price Contract | 586.13 | 568.17 | 545.83 | 532.19 |
| -6.27 | -1.60 | -1.29 | -1.55 | |
| Total Adjustment per tonne of sugar | -0.57 | |||
| Grower Floor Price Contract | 533.60 | 495.80 | ||
| Season | 2022 | 2023 | 2024 | 2025 |
| Individual Futures & Self Managed Harvest Contract | ||||
| Jul | 568.60 | 545.92 | 534.54 | |
| Oct | 584.77 | 567.55 | 543.27 | 531.98 |
| Mar | 593.03 | 574.13 | 550.11 | 533.61 |
| May | 576.15 | 557.11 | 541.70 | 527.62 |
| Indicative Oct22/Mar23 Roll Adjustment | -10.74 | |||
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 3:2:1 ratio accros the remaining three futures contracts for the 2022 season and a 1:2:2:1 ratio across the four applicable futures contracts for the 2023, 2024 and 2025 Seasons.
Fill highlights
| Most Recent Grower Fills | ||||
| Position | Price | Date Filled | ||
| 2022 | $605.00 | 9/06/22 | ||
| Jul-22 | $585.00 | 21/06/22 | ||
| Oct-22 | $591.88 | 29/06/22 | ||
| Mar-23 | $635.00 | 18/05/22 | ||
| May-23 | $580.00 | 21/06/22 | ||
| 2023 | $570.00 | 29/06/22 | ||
| Jul-23 | $575.00 | 30/06/22 | ||
| Oct-23 | $580.00 | 16/05/22 | ||
| Mar-24 | $580.00 | 21/06/22 | ||
| May-24 | $560.00 | 21/06/22 | ||
| 2024 | $550.00 | 23/06/22 | ||
| Jul-24 | $555.00 | 14/06/22 | ||
| Oct-24 | $540.00 | 27/06/22 | ||
| Mar-25 | $550.00 | 27/06/22 | ||
| May-25 | $530.00 | 6/06/22 | ||
| 2025 | $535.00 | 29/06/22 | ||
| Jul-25 | $545.00 | 14/06/22 | ||
2022-SEASON HISTORICAL ICE 11 CHART
This is a whole-of-season ICE 11 price chart for the 2022 Season, based on the current 0:3:2:1 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.
2024-SEASON HISTORICAL ICE 11 CHART
This is a whole-of-season ICE 11 price chart for the 2024 Season, based on the current 1:2:2:1 pricing ratio applicable to QSL Target Price Contract growers. Source: Bloomberg.