Month: May 2023

Daily Sugar Price

Kalagro

Thursday, 25 May 2023

The May 2023 contract settled at:  25.49 US c/b

The Australian Dollar currently trades at: 65.43

 US cents.

Forward indicative prices in Australian dollars are:

$826 for 23 Season

$826 Jul Contract 23 Season

$712 for 2024 season

 $629 for 2025 season       

 $574 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/tonnes gross actual 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 price currently reflects a 0:3:2:1 pricing ratio for the 2022 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2023, 2024 and 2025 Seasons.

 

FIRE PERMITS – REMINDER

Kalagro

All members,

Prior to the start of the season, please insure that you obtain a Fire Permit pursuant to the Fire and Emergency Services 1990.  Alternatively, please insure that you can comply with the requirements of the Commissioner’s Notification for burning.  Members are reminded that –

  1. It is an offence to light a fire without a fire permit or compliance with the Commissioner’s Notification;
  2. To find your Fire Warden – follow the link to the Fire Rural Services website – ‘

https://www.qfes.qld.gov.au/safety-education/using-fire-outdoors/fire-wardens

  1. Follow the link to view a summary of the Commissioner’s Notification –

https://www.qfes.qld.gov.au/sites/default/files/2021-04/QFES-InfoSheet-CaneBurningNotification.pdf

 

  1. The Commissioner’s Notification cannot be relied upon if:
    1. The paddock to be burnt adjoins a highway or main road; or
    2. The paddock to be burnt adjoins urban houses or other intensive activities.

    If either circumstance is applicable you must obtain a fire permit from your Fire Warden.  If you cannot contact your Fire Warden, please contact Rural Fire Service Townsville on 4796 9082.

    Please contact me should you require any further information.

    Regards,

    Allan Parker

    Manager / Company Secretary

    Kalamia Cane Growers Organisation Ltd

    Kalagro Ltd

    140 Young Street Ayr Qld 4807

    PO Box 597 Ayr Qld 4807

    Tel:  07 4783 1312 

    Mob: 0447 128 312

    Email: [email protected]

Daily Sugar Price

Kalagro

Tuesday, 23 May 2023

The May 2023 contract settled at:  25.99 US c/b

The Australian Dollar currently trades at: 66.53

 US cents.

Forward indicative prices in Australian dollars are:

$826 for 23 Season

$857 Jul Contract 2023 Season

$702 for 2024 season

$618 for 2025 season                                                                                                                                                                                                                                                                                   $563 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/tonnes gross actual 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 price currently reflects a 0:3:2:1 pricing ratio for the 2022 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2023, 2024 and 2025 Seasons.