White Sugar Futures Contract - Freight Differentials ($/tonne)*,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
DELIVERY MONTH,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
PORTS,Mar-97,May-97,Aug-97,Oct-97,Dec-97,Mar-98,May-98,Aug-98,Oct-98,Dec-98,Mar-99,May-99,Aug-99,Oct-99,Dec-99,Mar-00,May-00,Aug-00,Oct-00,Dec-00,Mar-01,May-01,Aug-01,Oct-01,Dec-01,Mar-02,May-02,Aug-02,Oct-02,Dec-02,Mar-03,May-03,Aug-03,Oct-03,Dec-03,Mar-04,May-04,Aug-04,Oct-04,Dec-04,Mar-05,May-05,Aug-05,Oct-05,Dec-05,Mar-06,May-06,Aug-06,Oct-06,Dec-06

Recife,3,6,8,8,5,3,4,5,4,4,5.5,5,7,9,7,5,5,6,6,6,6,7,10,9,9,7,7,8,9,7,2,3,7,7,7,11,20,20,18,18,19,18,18,16,16,7,1,11,20,26
Maceio,3,6,8,8,5,3,4,5,4,4,5.5,5,7,9,7,5,5,6,6,6,6,7,10,9,9,7,7,8,9,7,2,3,7,7,7,11,20,20,18,18,19,18,18,16,16,7,1,11,20,26
Suape,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,18,18,16,16,7,1,11,20,26
Natal,,,,,,,,,,,,,,,,,,,,8,8,9,10,9,9,7,7,8,9,7,2,3,7,7,7,11,20,20,18,18,19,18,18,16,16,7,1,11,20,26
Vitoria,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,21,21,20,21,18,18,9,3,14,22,28
Santos,10,13,16,16,13,11,11,12,10,11,12.5,9,11,13,11,9,8,9,9,9,9,10,13,11,11,9,9,10,11,9,4,5,9,9,9,15,27,25,23,23,23,22,23,20,20,10,4,16,24,30
Imbituba,8,11,14,14,10,9,9,10,8,9,10.5,7,9,11,9,7,7,8,8,8,8,9,12,10,10,8,8,9,10,8,3,4,9,9,9,15,27,25,23,23,23,22,23,20,20,10,4,16,24,30
Itajai,,,,,,,,,,7,8.5,6,8,10,8,6,6,7,7,7,7,8,11,10,10,8,8,9,10,8,3,4,9,9,9,15,27,25,23,23,23,22,23,20,20,10,4,16,24,30
Paranagua,,,,,,,,,,8,9.5,7,9,11,9,7,7,8,8,8,8,9,12,11,11,9,9,10,11,9,4,5,9,9,9,15,27,25,23,23,23,22,23,20,20,10,4,16,24,30

Buenos Aires,8,11,14,14,11,9,10,11,10,11,11,9,11,13,11,9,8,9,9,10,10,11,14,12,12,10,10,11,15,13,8,9,13,13,13,19,33,32,30,30,30,29,30,26,28,15,8,23,31,37
Rosario,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,30,30,29,30,26,28,15,8,23,31,37

New Orleans,8,12,13,11,10,10,9,9,8,8,9,8,9,10,8,8,7,8,8,8,9,9,12,12,12,10,10,10,10,8,3,4,6,6,6,10,19,17,16,16,16,15,15,13,12,10,6,20,28,36
Savannah,8,12,13,11,10,10,9,9,8,8,9,8,9,10,8,8,7,8,8,8,9,9,12,12,12,10,10,10,10,8,3,4,6,6,6,10,19,17,16,16,16,15,15,13,12,10,6,20,28,36

Matanzas,12,16,17,15,15,15,15,14,13,13,13,13,13,14,12,12,11,11,11,11,11,11,14,14,14,12,12,12,12,10,5,6,8,8,8,12,22,20,18,18,18,17,17,15,14,12,6,20,26,34

Puerto Quetzal,,,,,,,,8,8,9,9,8,10,10,8,9,11,12,13,15,16,16,15,14,14,12,12,15,15,15,9,13,15,15,16,20,30,30,30,32,34,34,34,30,30,22,15,25,34,42

Buena Ventura,,,,,,,,,,,,,10,10,8,9,11,12,13,15,16,16,15,14,14,12,12,12,12,12,9,13,15,15,16,20,30,30,30,32,34,34,34,30,30,22,15,26,35,43

Bangkok/Kohsichang,1,3,3,3,4,4,4,8,8,9,10,7,8,8,7,6,6,7,10,10,11,11,13,13,13,9,9,8,7,5,2,5,5,5,7,17,15,13,13,17,18,18,18,15,13,10,15,25,32,32
Laemchabang/Sri Racha,,3,3,3,4,4,4,8,8,9,10,7,8,8,7,6,6,7,10,10,11,11,13,13,13,9,9,8,7,5,2,5,5,5,7,17,15,13,13,17,18,18,18,15,13,10,15,25,32,32

Penang,0,2,2,2,3,3,3,7,7,8,9,6,7,7,6,5,5,6,9,9,10,10,12,12,12,8,8,7,6,4,1,4,4,4,6,16,14,12,12,16,17,17,17,14,12,9,14,23,30,30
Port Kelang,0,2,2,2,3,3,3,7,7,8,9,6,7,7,6,5,5,6,9,9,10,10,12,12,12,8,8,7,6,4,1,4,4,4,6,16,14,12,12,16,17,17,17,14,12,9,14,23,30,30

Singapore,0,2,2,2,3,3,3,7,7,8,9,6,7,7,6,5,5,6,9,9,10,10,12,12,12,8,8,7,6,4,1,4,4,4,6,16,14,12,12,16,17,17,17,14,12,9,14,23,30,30

Guangzhou,3,5,5,5,6,6,6,10,11,11,12,9,10,10,9,8,8,9,12,12,13,13,15,15,15,11,11,10,9,7,4,7,7,7,8,19,18,16,16,20,22,22,22,17,15,12,17,30,36,36
Huangpu,3,5,5,5,6,6,6,10,11,11,12,9,10,10,9,8,8,9,12,12,13,13,15,15,15,11,11,10,9,7,4,7,7,7,8,19,18,16,16,20,22,22,22,17,15,12,17,30,36,36
Shekou,3,5,5,5,6,6,6,10,11,11,12,9,10,10,9,8,8,9,12,12,13,13,15,15,15,11,11,10,9,7,4,7,7,7,8,19,18,16,16,20,22,22,22,17,15,12,17,30,36,36
Xiamen,3,5,5,5,6,6,6,10,11,11,12,9,10,10,9,8,8,9,12,12,13,13,15,15,15,11,11,10,9,7,4,7,7,7,8,19,18,16,16,20,22,22,22,17,15,12,17,30,36,36

Inchon,6,8,8,8,9,9,9,13,13,13,14,11,12,12,11,10,10,11,15,15,16,16,18,18,18,13,13,12,11,9,6,9,9,9,10,21,20,18,18,22,24,24,24,19,18,15,20,32,38,39
Ulsan,4,6,6,6,7,7,7,11,11,11,12,11,12,12,11,10,10,11,15,15,16,16,18,18,18,13,13,12,11,9,6,9,9,9,10,21,20,18,18,22,24,24,24,19,18,15,20,32,38,39

Jebel Ali,,,,,,,,,,,,,,3,2,1,2,3,4,5,6,6,6,6,6,4,4,4,3,3,-1,1,2,2,2,6,0,0,0,3,7,10,10,5,2,0,5,12,15,15

Durban,-1,4,4,3,1,2,2,4,4,7,7,7,8,8,6,5,5,6,7,7,7,8,9,8,7,7,7,7,6,4,0,1,2,2,4,8,12,10,10,13,16,20,20,15,15,11,8,17,23,24

"Note * For each designated port which is not a European port, freight differenatials are set and published not later than 30 days prior to the Last Trading Day of each delivery month, in accordance with the procedures set out in the White Sugar Contract Term 9.",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,