Collectives Sign Memorandum of Understanding

COLLECTIVES SIGN MEMORANDUM OF UNDERSTANDING

Today representatives of KCGO, PCGO and ICGO took the first step of signalling their intentions to investigate the willingness and ability to achieve a single grower organisation by executing a Memorandum Of Understanding (MOU). Copy of this non legally binding document is attached for members information.

Collective managers will now turn their attention to development of a framework for a draft Memorandum Of Agreement (MOA), identify issues to be addressed, areas upon which consensus can be reached as well as contentious matters identified that require further development. It is proposed that KCGO will hold a grower information and report back meeting in early/mid-September with a combined collectives grower information session by 30th September in accordance with MOU.

If members have any questions or require further information please do not hesitate to contact me.

Les Elphinstone
Manager KCGO

thumbnail of Collectives MOU

Daily Sugar Price – 7 August 2019

Wednesday, 7 August 2019

The July 2019 contract settled at: 11.73 US c/lb

The Australian Dollar currently trades at: 67.61 US cents

Forward indicative prices in Australian dollars are:

*$379 for October Contract – 2019 season

$396 for 2019 season

$430 for 2020 season

$443 for 2021 season

$443 for 2022 season

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Information sourced from QSL.