Day: November 2, 2022

Daily Sugar Price

Kalagro

Wednesday, 2 November 2022

The May 2022 contract settled at:  18.43 US c/b

The Australian Dollar currently trades at: 63.95 US cents.

Forward indicative prices in Australian dollars are:

*$622 for Oct Contract 2022 season

$628 for 2022 season

$570 for 2023 season

$548 for 2024 season

$533 for 2025 season

$520 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

Message from John Tait – Wilmar

Kalagro

Hi all,

Storms across the region yesterday afternoon and overnight delivered falls of between 5-40mm. Harvesting has been significantly impacted.

Kalamia:

  • 10-15mm of rain overnight
  • 400 bins left unfilled yesterday.
  • Out of cane 2:30am, expected restart 10am
  • 3 groups not cutting today due to missed burns
  • Slow progress due to wet conditions

Inkerman:

  • 10-40mm of rain overnight
  • Zero hour will be later this morning, currently stopped due to impact of very dirty rake of bins
  • 9 harvesters cutting today expecting about 5000 tonnes
  • Restart will depend on progress of harvesting

Pioneer

  • Some showers overnight, probably faired better than other areas
  • Zero hour will be about 8:30am
  • Harvesting has been affected through inability to burn for some groups. Some cutting green
  • Expected loading about 10,000 tonnes
  • Mill will do a caustic clean today while waiting for enough cane supply and restart later this afternoon

Invicta

  • Anywhere between 5-40mm of rain overnight mainly in the Clare/Millaroo area
  • Zero hour will be about midday
  • Loading about 20,400 tonnes
  • Slow progress due to wet conditions

Cane quality is still a major concern. Hopefully the last of the storms for a bit

Kind regards,

 

John Tait

Cane Supply Manager
Wilmar Sugar Australia Limited

Burdekin Cane Supply and Transport

Sir Russell Drysdale Drive

Home Hill QLD 4806  Australia

Direct line    +61 7 4782 3802

Fax               +61 7 4782 1766

Mobile          +61 0428 571 315

[email protected]

www.wilmar-international.com