Day: July 27, 2023

Wilmar – Burdekin mills update

Kalagro

Hi all,

Based on the most current information we have:

Invicta will continue on one train and switch to two trains when supply allows

Inkerman will restart early on Sunday morning (harvesting Saturday)

Pioneer will restart early Saturday morning (harvesting Friday)

Kalamia will restart mid morning on Monday (harvesting Monday)

All subject to change as ground conditions are highly variable. All group representatives must keep in touch with their logistics teams so that we have accurate information with which to make decisions

Daily Sugar Price

Kalagro

Thursday, 27 July 2023

The Oct 2023 contract settled at:  24.39 US c/b

The Australian Dollar currently trades at: 67.58 US cents.

Forward indicative prices in Australian dollars are:

$783 for 23 Season

$790 Oct Contract 23 Season

$695 for 2024 season

  $612 for 2025 season  

 $568 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.