Day: July 20, 2021

Daily Sugar Price

Kalagro

Tuesday, 20 July 2021

 

The Oct 2021 contract settled at:  17.07 US c/lb

 

The Australian Dollar currently trades at:  74.29 US cents

 

Forward indicative prices in Australian dollars are:

 

* $513 for Oct Contract – 2021 season

 

$511 for 2021 season

$471 for 2022 season

$420 for 2023 season

$384 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

 

QSL Information Brief

Kalagro
  • Grower Floor Price Contract: The 2022-Season Grower Floor Price Contract (GFPC) came close to the fill level of $450/tonne gross actual during the recent market spike. The GFPC enables growers to lock in a known return, while also receiving 50 cents in the dollar for any subsequent market moves above their achieved GFPC target. Orders can be placed for as little as 10 tonnes, up to three seasons in advance.

Click here for more information about the Grower Floor Price Contract

  • Additional tonnage now available: As of 1 July 2021, QSL growers can access additional GEI tonnage to price in the 2023 and 2024 Seasons, with committed pricing levels now as follows:
2021 Season 2022 Season 2023 Season 2024 Season
70% 70% 70% (20% increase) 50% (10% increase)

To access QSL pricing, you must first have a GEI Sugar Marketing nomination in place for the season in question. See your local QSL team for details or help with the nomination process.

  • Final 2020-Season Advance payment: The final QSL Advance payment for the 2020 Season will be made this week. This payment will be made as a separate transaction in addition to any 2021-Season Advance payments growers may receive that same week. The final 2020-Season payment represents a 2% increase on the June 2021 payment. The current 2021-Season Advance rate is 65%.
    Click here to see the full 2021-Season Indicative Advances Program. 

  • New GST arrangements (Wilmar districts only): QSL’s new simplified GST arrangements for our growers in Wilmar milling districts are now in place. As part of this change, these growers are now also receiving improved statements incorporating a Tax Summary section highlighting the key QSL figures for their bookwork. For a video quick tour of the new statement and its key features, please click here.
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