Day: December 21, 2022

Daily Sugar Price

Kalagro

Wednesday, 21 December 2022

The March 2023 contract settled at:  20.58 US c/b

The Australian Dollar currently trades at: 66.78 US cents.

Forward indicative prices in Australian dollars are:

*$669 for Mar Contract 2023 season

$676 for 2022 season

$598 for 2023 season

           $545 for 2024 season  

            $518for 2025 season

$495 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 Invicta Mill Update

Kalagro

Hi all,

Unfortunately Invicta will be unable to crush out the remaining cane in the yard due to the power issues. All that cane will be transferred back to Kalamia over the course of today and overnight. This will impact allotments for Kalamia groups for today and tomorrow as we process the transfer cane.  The Kalamia logistics team will be contacting groups to discuss allotments over the next couple of days.

I understand this will cause concern for some growers who have burnt in accordance with the advice they were given and I encourage them to keep talking to the Logistics team so that we may get the cane in bins and burnt cane in paddocks processed in a timely manner.

A MailChimp will go out to growers shortly

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