Month: November 2022

Daily Sugar Price

Kalagro

Tuesday, 22 November 2022

The March 2023 contract settled at:  19.86 US c/b

The Australian Dollar currently trades at: 66.05 US cents.

Forward indicative prices in Australian dollars are:

*$653 for Mar Contract 2023 season 

$659 for 2022 season

$580 for 2023 season

 $529 for 2024 season        

 $504 for 2025 season

$485 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

Burdekin mills update – 22.11.22

Kalagro

Good morning all,

Widespread thunderstorms across the district overnight saw falls of between 5-75mm.

Inkerman

  • 3-50mm
  • One group cut last night, one cutting this morning, more interested in going later. Inkerman is in a clean today so should be in a position to crush any cane cut at Inkerman today

Invicta

  • 20-75mm
  • No groups cutting at the moment but there are others interested for later on. Invicta is in a B side clean so zero hour on A side is late this afternoon, so Invicta should be in a position to crush any cane cut at Invicta today

Kalamia

  • 5-60mm
  • No cutting at the moment. One group cut 8 bins this morning then stopped, one group cut 56 last night. This will be crushed before mill runs out today. Groups wanting to start later today have committed about 6000 tonnes. Restart plans will be reviewed later in the day

Pioneer

  • 5-45mm
  • Two harvesters cutting at the moment. 72 cut last night Others showing interest for later on. Restart plans will be reviewed later in the day
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