Notes to CoNsolidated FiNaNCial statemeNts (In thousands of dollars except as noted and per share amounts) 9.  FINANCIAL INSTRUMENTS (CONTINUED):  Risks (continued): (e)  Commodity price risk (continued): (ii) Natural gas (continued): As at September 28, 2013, the Company had the following commodity contracts: As at September 29, 2012, the Company had the following commodity contracts: If, on September 28, 2013, the raw sugar value would have increased by US$0.05 per pound (being  approximately US$110.00 per metric tonne), and all other variables remained constant, the impact on net  earnings would have been an increase of approximately $8.6 million (calculated only on the point-in-time  exposure on September 28, 2013) (September 29, 2012 - increase of $9.8 million for US$0.05 increase). If  the raw sugar value would have decreased by US$0.03 per pound (being approximately US$66.00 per metric  tonne), and all other variables remained constant, the impact on net earnings would have been a decrease of  approximately $5.2 million (September 29, 2012 - decrease of $5.9 million for US$0.03 decrease). Sugar futures contracts  Natural gas contracts Current Current Current Current average contract Contracts average contract Volume value value (10,000 value value (M.T.) (US$) (US$) MM BTU) (US$) (US$) Purchases 346,375 454.50 157,428 368.6 3.884 14,318 Sales (213,931) 456.97 (97,760) – – – Beet pre-hedge  (10,161)  453.00  (4,603)  –  –  – 122,283 n/a 55,065 368.6 3.884 14,318 F/X rate at end of period  0.9836  0.9836 Net value CA$  54,162  14,083 Sugar futures contracts  Natural gas contracts Current Current Current Current average  contract  Contracts  average contract Volume  value  value  (10,000  value  value (M.T.)  (US$)  (US$)  MM  BTU)  (US$)  (US$) Purchases 440,818 392.51 173,024 359 3.508 12,595 Sales (337,840) 396.46 (133,942) – – – 102,978 n/a 39,082 359 3.508 12,595 F/X rate at end of period  1.0310 1.0310 Net value CA$  40,294 12,985 Rogers Sugar Inc. 72