2021 Forward Pricing & Pool Update After beginning April at a spot value of 14.77 US cents per pound sugar sustained a rally for most of the period, peaking at 18.14 c/lb on the 12th of May. During the past 6 weeks MSF has filled a significant volume of grower orders via the 2021 season…
2021 Forward Pricing & Pool Update MSF filled 2021 grower individual forward pricing orders at $450 and slightly better on several occasions through the months of February and March. The 2021 price has since retreated to currently be hovering around $430 per metric tonne actual. On top of the good results achieved by individual growers…
2021 Forward Pricing Update MSF has filled 2021 grower forward pricing orders at and slightly above $450 per Metric Tonne actual on multiple occasions recently, 22nd, 23rd and 26th of February. It seems that given the improving macroeconomic environment (Covid vaccine, global economic recovery) that ICE11 futures values will continue to improve, however, so too…
Pool Update As at the 1st of October the 2020 Late Season Pool was 65% hedged on sugar and 55% hedged on currency at a Mark-to-Market value of $399.30 per Metric Tonne IPS. This represents a $3/MT IPS improvement from the August Advance value. Similarly, the value of the 2020 Shared Pool has improved by…
