Day: November 16, 2021

Daily Sugar Price

Kalagro

 

Tuesday, 16 November 2021

 

 

The March 2021 contract settled at:  19.74 US c/b

 

The Australian Dollar currently trades at: 73.47 US cents.

 

Forward indicative prices in Australian dollars are:

 

 

*$589 for Mar Contract 2021 season

 

$590 for 2021 season

 

$559 for 2022 season

 

           $491 for 2023 season

           

            $462 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.

 

QSL Collective Update

Kalagro
  • Non-delivery options: Worried about delivering your estimated sugar this season? QSL growers with committed pricing have multiple options to address in-season production reductions, including:
    • Reallocating your Harvest Pool tonnage to meet your committed sugar pricing
    • Shifting tonnage between ABNs
    • Rolling pricing forward to the next season
    • Unwinding pricing

    Should you come up short, you have an obligation to pay QSL any wash-out costs associated with your shortfall under the Pricing Pool Terms. But rest assured that we will work with you to find the lowest-cost option available within the current market for your particular pricing position, and where possible, any wash-out costs will be factored into your remaining Advances payments. Contact your local QSL team for more information.

    • Burdekin Christmas Party:

    3 December 2021 5pm to 9pm

    Burdekin Rugby Club,  Casalegno Field

    RSVP to Kristen 0438 470 235 by November 30

     

    • Have you finished harvesting your 2021 crop? If you are a grower who has either cut out or will cut out before your local Mill’s crushing conclusion date, please ensure you notify your local QSL team. This helps us with your payments and planning. It is also important for growers in our Self-Managed Harvest Contract who may be eligible to price their production buffer.

  • Advance rate increase: The QSL Standard Advance Rate will increase to 72.5% from 17 November 2021. QSL’s Accelerated Advances option is also available for the 2021 Season and increases your Advance rate to 90% in December for tonnage priced using our Guaranteed Floor and/or grower-managed pricing options. Nominations for Accelerated Advances close 30 November 2021 and can be made via the QSL App or QSL Direct Portal. Click here for more information.
    • read more

National Soil Carbon Innovation Challenge – Feasibility Study Grants

Kalagro

National Soil Carbon Innovation Challenge – Feasibility Study Grants

The Minister for Industry, Energy and Emissions Reduction has launched Stage 1 of the $50 million National Soil Carbon Innovation Challenge, which aims to fast-track the development of lower-cost, accurate technical approaches to measure soil carbon.  The Challenge will have multiple competitive grant rounds, to support feasibility studies, proof of concept testing, and validation and deployment through on-farm trials. 

 

Stage 1 of the Challenge provides grants of up to $100,000 to applicants to conduct three-month feasibility studies into new technologies.  The minimum grant amount is $50,000, with $1 million available for this grant opportunity.

Stage 2 will be opened in the coming months, with $49 million in grants available to support proof of concept activities and validation and deployment of proposed technologies, until June 2024.

Applications open 10 November 2021 and close at 4pm QLD AEST on Friday, 10 December 2021.  Information about program, including the Stage 1 grant opportunity guidelines and sample application form, is available at https://business.gov.au/grants-and-programs/soil-carbon-measurement-innovation-challenge

Regards

Terri Buono

Senior Project Officer (Regional Extension Co-ordination)

Reef Plan

North Region

Rural Economic Development

Department of Agriculture and Fisheries

9-15 Langton Street Garbutt Qld 4814

PO Box 1085, Townsville Qld 4810

t: +61 7 3330 4509

m: 0447 108 010

f: +61 7 3330 4571

e: [email protected]u