Month: April 2021

Daily Sugar Price

Kalagro

Tuesday, 27 April 2021 

The July 2021 contract settled at:  17.17 US c/lb

The Australian Dollar currently trades at:  78.00 US cents

Forward indicative prices in Australian dollars are:

* $476 for July Contract – 2021 season

$481 for 2021 season

$427 for 2022 season

$387 for 2023 season

$335 for 2024 seasonThe figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt price. The prices have been adjusted to include Over-the-Counter (OTC) margin fees charged by banking institutions and, therefore, may differ from daily prices quoted by the ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in Sugar (GEI Sugar). Values also do not account for any adjustments resulting from local grower-miller pricing arrangements.
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

Proudly brought to you by Kalagro Limited

Information sourced from QSL

 

QSL Update to Collectives

Kalagro

  • 2021 Pricing Declaration Date: The 2021-Season Pricing Declaration Date is this Friday, 30 April 2021. This is the last day for growers to nominate to their chosen QSL pricing products for the 2021 Season. Any tonnes that remain unallocated after 30 April will default to the QSL Harvest Pool.
    To see the full list of available pricing options, please click here, or get in touch with your local QSL team.
  • April 2021 Guaranteed Floor Pool: Growers considering their 2021-Season pricing options are reminded that the April 2021 Guaranteed Floor Pool is accepting nominations until 30 April 2021. This QSL-managed pool gives growers the best of both worlds, providing a guaranteed minimum return, known as the floor, with the potential for additional returns should prices increase during the course of the season. While the floor price is set after nominations close, QSL publishes indicative floor prices during the nomination period. You can find these on the daily QSL Pricing email, as well as the Market Snapshot featured on our website (www.qsl.com.au).
    The latest indicative floor price for this pool is $454/tonne actual (gross) as of 26 April 2021. Should the last indicative floor price be more than $10 lower than the one eventually achieved after nominations close, the pool will be cancelled and growers can move their nominated tonnage to another QSL pricing option.
    For more information about this pool, please click here.
  • Q3 reports now available: QSL Direct Growers: You can now find your quarterly report (Q3) in your QSL Direct account under the ‘Financial Reports’ tab for the 2020 Season.
    These reports have also been distributed in the same manner you usually receive your ledger reports and statements. For further information regarding your quarterly report or for assistance with your QSL statements, please don’t hesitate to contact your local QSL representatives (listed at the bottom of this email) or call 1800 870 756.
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    Kalagro

    Friday, 23 April 2021

    The July 2021 contract settled at: 16.92 US c/lb

    The Australian Dollar currently trades at: 77.05 US cents

    Forward indicative prices in Australian dollars are:

    * $481 for July Contract – 2021 season

    $475 for 2021 season
    $425 for 2022 season
    $377 for 2023 season
    $334 for 2024 season

    The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt price. The prices have been adjusted to include Over-the-Counter (OTC) margin fees charged by banking institutions and, therefore, may differ from daily prices quoted by the ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in Sugar (GEI Sugar). Values also do not account for any adjustments resulting from local grower-miller pricing arrangements.
    The 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

    Proudly brought to you by Kalagro Limited
    Information sourced from QSL

    Daily Sugar Price

    Kalagro

    Thursday, 22 April 2021

     

    The May 2021 contract settled at:  16.94 US c/lb

    The Australian Dollar currently trades at:  77.54 US cents

    Forward indicative prices in Australian dollars are:

    * $471 for  May Contract – 2021 season

    $478 for 2021 season

    $421 for 2022 season

    $374 for 2023 season 

    The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt price. The prices have been adjusted to include Over-the-Counter (OTC) margin fees charged by banking institutions and, therefore, may differ from daily prices quoted by the ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in Sugar (GEI Sugar). Values also do not account for any adjustments resulting from local grower-miller pricing arrangements.
    The 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

    Proudly brought to you by Kalagro Limited

    Information sourced from QSL