KCGO Weekly Web Round up – Friday, 25th March 2022
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Day: March 25, 2022
P&K Farming Plot Information Update
P&K Farming Plot Information Update
AMENDMENT
Dear Members,
Please find attached the amended Purchase Incentive Rebate Letter for ‘Plant Clean Seed Cane’, previously known as ‘Approved Seed Cane’ available to all KCGO members.
To keep aligned with the current Waiver, Release & Indemnity form that all farmers are required to sign before the purchase of plot seed cane, the wording in the incentive offer letter has been
changed to ‘Plant Clean Seed Cane’ instead of ‘Approved Seed Cane’ (BPS price list 2022 – shows it as ‘Approved Seed Cane’) as the Waiver states that a disease-free guarantee CANNOT be issued.
If you have any concerns or queries relating to this matter, please do not hesitate to contact the KCGO office.
Regards,
DAVE PAINE
KCGO MANAGER
Offer of Incentive Letter (Amended)
BPS District Plot Price List
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QSL Weekly Update
QSL Weekly Update – ending Friday, 25th March 2022
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Daily Sugar Price
Friday, 25 March 2022
The March 2021 contract settled at: 19.26 US c/b
The Australian Dollar currently trades at: 75.13 US cents.
Forward indicative prices in Australian dollars are:
*$563 for May Contract 2021 season
$563 for 2021 season
$558 for 2022 season
$511 for 2023 season
$486 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.