Month: June 2021

Mill Performance – message from John Tait

Kalagro

Good morning all,

Reduced loading at Inkerman today due to a late zero hour resulting from a bearing failure yesterday afternoon in the B side milling train. This resulted in a 12 hour stop on B side while repairs were carried out.

All other loadings OK today. Pioneer mill reduced rate overnight to stretch out enough for today’s early supply to catch on after 357 bins were not loaded yesterday due to high winds preventing burning on some farms.

Covid restrictions in Townsville have not impacted operations at any of the mills.

Kind regards,

 

John Tait

Cane Supply Manager

Daily Sugar Price

Kalagro

Tuesday, 29 June 2021

 

The Oct 2021 contract settled at:  17.23 US c/lb

 

The Australian Dollar currently trades at:  75.67 US cents

 

Forward indicative prices in Australian dollars are:

 

* $511 for Oct Contract – 2021 season

 

$511 for 2021 season

$464 for 2022 season

$424 for 2023 season

$395 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.

 

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Information sourced from QSL