Month: August 2022

Daily Sugar Price

Kalagro

 

Wednesday, 31 August 2022

The May 2022 contract settled at:  18.10 US c/b

The Australian Dollar currently trades at: 68.54 US cents.

Forward indicative prices in Australian dollars are:

*$574 for Oct Contract 2022 season

$580 for 2022 season

$551 for 2023 season

 $532 for 2024 season     

 $522 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

Burdekin loadings – 31.08.22

Kalagro

Good morning all,

You will see reduced loadings at Inkerman, Kalamia and Invicta today.

  • Inkerman restarted after the clean at about 8:30 pm last night which was later than planned after discoverable work that required steam off the boiler. Zero hour today is 11:20am as a result
  • Kalamia restarted after the clean at 10:15pm last night which was later than planned after power was taken off the factory to repair a water pipe with HV lines adjacent to it. Rate is also slow with one cooling tower still out of commission. Zero hour today is at 1:30pm as a result
  • Invicta has started a B side clean. This clean was originally scheduled for next week but was brought forward
  • Pioneer is crushing well

The rain yesterday has had little or no impact. Some burning still happened last night and more fires went in this morning

Kind regards,

 

John Tait

Cane Supply Manager

Daily Sugar Price

Kalagro

Tuesday, 30 August 2022

The May 2022 contract settled at:  18.44 US c/b

The Australian Dollar currently trades at: 69.03 US cents.

Forward indicative prices in Australian dollars are:

*$580 for Oct Contract 2022 season

$586 for 2022 season

$554 for 2023 season

  $534 for 2024 season         

  $525 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