Month: November 2021

Daily Sugar Price

Kalagro

Friday, 12 November 2021

The March 2021 contract settled at:  20.12 US c/b

The Australian Dollar currently trades at: 72.94 US cents.

Forward indicative prices in Australian dollars are:

 

*$607 for Mar Contract 2021 season

$606 for 2021 season

$571 for 2022 season

$496 for 2023 season           

$466 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.

 

Daily Sugar Price

Kalagro

Thursday, 11 November 2021

The March 2021 contract settled at:  19.60 US c/b

 

The Australian Dollar currently trades at: 73.27 US cents.

 

Forward indicative prices in Australian dollars are:

 

 

*$587 for Mar Contract 2021 season

 

$588 for 2021 season

 

$557 for 2022 season

 $487 for 2023 season

           

 $459 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.

 

BPS Workshop – 11th November 2021

Kalagro

BPS is holding a workshop on Thursday the 11th of November (tomorrow) at 11am to display the Dual Herbicide Sprayer in action and to explain what it is used for followed by a patternator demonstration which is a tool that measures spray distribution. After these demonstrations, we will do a quick run through with Opticane (an online Burdekin specific weather forecasting tool) and what it can be used for. We will finish up with a BBQ lunch. If anyone is interested in getting the patternator on their farm to test their spray rig I will be able to come onto farm this Thursday afternoon or Friday morning. If your members would like more information, they can give me a call on 0438934601.

Regards,

Jasmine Connolly – Extension Officer

Burdekin Productivity Services LTD.