Membership Levy

Dear Growers 

In May 2017 correspondence was posted to all growers advising membership levy for the 2017 season would be increased by $0.05 from $0.27 to $0.32 per tonne of sugar cane, capped at 30,000 tonnes.

Due to a system error it was discovered that cane pays as of 22nd June, 29th June and 6th July had grower levies of $0.27 per tonne deducted from proceeds.

This matter has been rectified in subsequent cane payments.

On 19th July Wilmar has made an adjustment to KCGOL levy of $0.05 per tonne for levy’s paid during the above 3 week period. RCTI issued shows rate as $0.32, however tonnage and actual amount represents this $0.05 adjustment.

Please accept our apologies for any inconvenience caused.

Should you have any queries in relation to this matter please do not hesitate to contact this office.

Les Elphinstone

Manager / Company Secretary

Wednesday, 26 July 2017

The July 2017 contract settled at:

13.90 US c/b

The Australian Dollar currently trades at:

79.37 US cents.

Forward indicative prices in Australian dollars are:

$383 for OCT Contract 2017 season

$407 for MAR Contract 2017 season

$412 for MAY Contract 2017 season

$430 for 2018 season

$447 for 2019 season

$447 for 2020 season

Tuesday, 25 July 2017

The July 2017 contract settled at:

14.40 US c/b

The Australian Dollar currently trades at:

79.24 US cents.

Forward indicative prices in Australian dollars are:

$397 for OCT Contract 2017 season

$419 for MAR Contract 2017 season

$424 for MAY Contract 2017 season

$439 for 2018 season

$453 for 2019 season

$453 for 2020 season

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