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## 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: 

<img src='content_image/284556.jpg'>

As at September 29, 2012, the Company had the following commodity contracts: 

<img src='content_image/284555.jpg'>

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). 

