Kalamia and Pioneer start dates

Good afternoon all,

Following the ring around of growers and harvesting group representatives today we are now confident both Kalamia and Pioneer mills will secure enough supply to begin crushing on Monday 20th June. There will be some limited harvesting on Sunday to ensure supply continuity. Logistics staff will continue to communicate with growers and harvesting group representatives throughout the rest of this week and over the weekend to confirm sidings and allotments.

Kind regards,

 

John Tait

Cane Supply Manager

Daily Sugar Price

Wednesday, 15 June 2022

The May 2022 contract settled at:  18.70 US c/b

The Australian Dollar currently trades at: 68.71 US cents.

Forward indicative prices in Australian dollars are: 

*$601 for July Contract 2022 season

$596 for 2022 season

$581 for 2023 season

$557 for 2024 season           

$537 for 2025 season

The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt 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 a whole-of-season weighted average in a 1:2:2:1 ratio across the four applicable futures contracts for the 2022, 2023, 2024 and 2025 seasons