Year: 2021

Daily Sugar Price

Kalagro

Friday, 19 November 2021

The March 2021 contract settled at:  20.18 US c/b

The Australian Dollar currently trades at: 72.77 US cents.

Forward indicative prices in Australian dollars are:

 

*$609 for Mar Contract 2021 season

$607 for 2021 season

$571 for 2022 season

$498 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, 18 November 2021

 

The March 2021 contract settled at:  20.42 US c/b

 

The Australian Dollar currently trades at: 72.67 US cents.

 

Forward indicative prices in Australian dollars are:

 

 

*$616 for Mar Contract 2021 season

 

$618 for 2021 season

 

$576 for 2022 season

 

  $498 for 2023 season

           

   $464 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

SWEET FM 97.1

 

DAILY SUGAR MARKET INFORMATION

Wednesday, 17 November 2021

The March 2021 contract settled at:  19.99 US c/b

The Australian Dollar currently trades at: 73.03 US cents.

Forward indicative prices in Australian dollars are:

*$600 for Mar Contract 2021 season

$602 for 2021 season

$567 for 2022 season

  $497 for 2023 season

   $465 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

 

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.
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