Month: October 2022

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

Wilmar Daily Loading Advice & Crushing Update

Kalagro

Loading Advice – Thursday, 27th October 2022

INVICTA – 6 841

KALAMIA – 6 382

PIONEER – 3 840

INKERMAN – 1 283

TOTAL – 18 346

Good morning all,

Late storms yesterday have complicated things somewhat.

  1. Pioneer started crushing the cane that was harvested yesterday this morning at about 7am. Contractors are still looking around and will start harvesting throughout the morning, actual loading is still being determined.
  2. Kalamia was scheduled to start at 4am but bagasse belt issues have put that back to 10am. Reports of between 4 and 20mm means that only 6 harvesters are showing any interest in cutting.
  3. Invicta has a zero hour around midday and there are a number of harvesters expressing an interest in starting later in the morning. Invicta is going to shut down after zero hour while waiting for today’s cane to do some necessary work. We may even transfer some cane to Kalamia to increase their supply
  4. No harvesting at Inkerman today. Reports of between 2 and 16mm from the storms yesterday. LO’s will ring around today to see who will cut tomorrow for a Saturday start.

More showers and storms are predicted for this afternoon so watch this space.

Kind regards,

 

John Tait

Cane Supply Manager

Daily Sugar Price

Kalagro

Thursday, 27 October 2022 

The May 2022 contract settled at:  17.86 US c/b 

The Australian Dollar currently trades at: 64.97 US cents. 

Forward indicative prices in Australian dollars are:

 

*$596 for Oct Contract 2022 season 

$596 for 2022 season 

$552 for 2023 season 

$529 for 2024 season           

$516 for 2025 season 

$505 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