Daily Sugar Price

 

Thursday, 21 October 2021

 

 

The March 2018 contract settled at:  18.97 US c/b

 

The Australian Dollar currently trades at: 75.16 US cents.

 

Forward indicative prices in Australian dollars are:

 

 

*$553 for Mar Contract 2021 season

 

$554 for 2021 season

 

$529 for 2022 season

 

           $468 for 2023 season

           

            $442 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/tonnes actual 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 Target Price Contract reflects the price of a 5:1 ratio across the remaining applicable futures contracts for the 2021 season and a 1:2:2:1 ratio across the four applicable futures contracts for the 2022 and 2023 Seasons.

 

Information from BPS – Fall Army Worm

Good Morning Members,

Fall Army Worm (FAW) has been detected in a small block of sugarcane in the Burdekin region – growers are advised to remain aware and observant, but at this stage there is no cause for alarm.  The block where the FAW was detected is young late plant cane and had a high level of grass weeds present in the block – these grass weeds have been controlled, and it is suspected that the population of FAW has subsequently moved to the remaining grass in the block – which is the sugarcane crop.  There is less than one FAW per stool, and damage is minimal, so there is no requirement to spray or control the fall army worm at this stage. It is worth noting that there were crops of corn and sorghum in the near vicinity of this affected block.  BPS staff and SRA entomologists will continue to monitor the situation and provide advice if the situation changes.

The FAW was initially detected by a local advisor who contacted BPS for confirmation. Neighbouring blocks have not had FAW detected in them. Growers are encouraged to remain observant and contact your local advisor if you have any concerns.  Previous detections of FAW in sugarcane (Atherton Tablelands) has resulted in minimal damage to the crop at the time, and no control operations were required.

Regards,

Rob Milla
Manager- Burdekin Productivity Services
0490 039 329
[email protected]