Day: October 28, 2022

KCGO Member Notice – Rain Water Crop Compensation Scheme

Kalagro

KCGO Member Notice – Rain Water Crop Compensation Scheme

A reminder to KCGO members that Kalamia’s Rain Insurance Policy does not apply for burning conducted when there

is a forecast of more than 25mm rain.

Please check the latest forecasts over the weekend before burning on the BOM website via the following link:

http://www.bom.gov.au/qld/forecasts/ayr.shtml

Please find below the KCGO Rain Water Crop Compensation Scheme Policy for members records.

Daily Sugar Price

Kalagro

Friday, 28 October 2022 

The May 2022 contract settled at:  17.71 US c/b 

The Australian Dollar currently trades at: 64.52 US cents. 

Forward indicative prices in Australian dollars are: 

*$595 for Oct Contract 2022 season 

$595 for 2022 season 

$552 for 2023 season 

$534 for 2024 season           

$521 for 2025 season 

$510 for 2026 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