Day: July 21, 2023

Final Adjustment Payment – 2022 Season

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Final Adjustment Payment – 2022 Season

KCGO Members,

Wilmar has informed KCGO collective that the Final Adjustment Payment for the 2022 season had not been paid on Thursday, 20th July 2023.

It was advised that the final payment will be released to growers next Thursday, 27th July 2023.

The reason of delay was stated that not all of the information required to calculate the payment was received in time for the payment to be processed and released this week.

If you have any queries, please contact the KCGO office.

Thank you.

Allan Parker

KCGO Manager

Daily Sugar Price

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Friday, 21 July 2023 

The Oct 2023 contract settled at:  24.67 US c/b 

The Australian Dollar currently trades at: 67.79 US cents. 

Forward indicative prices in Australian dollars are: 

$789 for 23 Season 

$798 Oct Contract 23 Season 

$693 for 2024 season 

$609 for 2025 season           

$566 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.