Day: December 13, 2022

Wilmar End of Crushing Advice

Kalagro
Tuesday, 13 December 2022

Dear David

Based on an expected final crop of 8.2 million tonnes, forecast factory throughputs, no further rain disruptions, working through Christmas Day and the transfer of at least 4,000 tonnes per day from Inkerman Mill, 5,000 tonnes per day from Kalamia Mill and 5,000 tonnes per day from Pioneer Mill into Invicta Mill, harvesting is currently expected to finish as per the schedule below:

  • INVICTA – Finish harvesting (Invicta growers) 17 December; finish harvesting (with transfer) 21 December
  • INKERMAN – Finish harvesting 29 December
  • KALAMIA – Finish harvesting 28 December
  • PIONEER – Finish harvesting 28 December

For more details, see the letter attached.

Best regards

JOHN TAIT 
Burdekin Cane Supply Manager

Daily Sugar Price

Kalagro

Tuesday, 13 December 2022

The March 2023 contract settled at:  19.38 US c/b

The Australian Dollar currently trades at: 67.45 US cents.

Forward indicative prices in Australian dollars are:

*$623 for Mar Contract 2023 season

 $629 for 2022 season

$563 for 2023 season                                                                                                                                                                                                                                                                                     $525 for 2024 season    

 $505 for 2025 season

$490 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