Day: July 14, 2022

Mills Restart – John Tait – Wilmar

Kalagro

Hi all,

A MailChimp will go out later today with the following points:

  • Following another round of consultation with growers and harvesting contractors, we are planning to resume crushing at Invicta Mill early on Tuesday.
  • At this stage, we expect crushing operations to resume at Kalamia, Pioneer and Inkerman mills later in the week.
  • Our logistics staff will continue to consult with growers and contractors to assess the potential for harvesting.
  • We will keep you updated.

We will do another ring around tomorrow and another on Sunday to try to firm up on supply quantities and dates.

Kind regards,

 

John Tait

Cane Supply Manager

Daily sugar Price

Kalagro

Monday, 11th July 2022

The May 2022 contract settled at:  19.14 US c/b

The Australian Dollar currently trades at: 67.71 US cents.

Forward indicative prices in Australian dollars are:

*$620 for July Contract 2022 season

$622 for 2022 season

$576 for 2023 season

$543 for 2024 season

$528 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