Crushing Update – John Tait (Cane Supply Manager)

Good morning all,

Pioneer is going to have to do an unscheduled stop for 8 hours after zero hour this morning to replace some broken bolts at #1 Mill. Loading will be reduced to 8,500 tonnes for today.

Invicta also has a lighter loading due to various stops yesterday however the factory is crushing well at a high rate now

Kalamia rate is slowing as they head towards their clean next week but is crushing consistently

Inkerman is crushing well also but the rate is slowed a bit at present due to some issues around the clarifier which should be resolved throughout the morning.

Kind regards,

 

John Tait

Cane Supply Manager

Daily Sugar Price

Wednesday, 14 July 2021

The Oct 2021 contract settled at:  17.08 US c/lb

 

The Australian Dollar currently trades at:  74.47 US cents

 

Forward indicative prices in Australian dollars are:

 

* $506 for Oct Contract – 2021 season

 

$504 for 2021 season

$470 for 2022 season

$419 for 2023 season

$381 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