Month: July 2023

QSL Grower Representative Election – REMINDER

annmaree dalessandro

QSL GROWER REPRESENTATIVE ELECTION

Dear KCGO Members,

Please find below information on all QSL Grower Representative nominees for the upcoming election.

Please take note on Voting Process Q&A’s related to the election regarding who can vote.

Also, the voting paper asks you to select 4 elected holders in the Burdekin Region.  In the Q&A’s it states growers can choose to place a tick in the box of one representative that you want to vote for and leave the others blank as an alternate option.

If any growers require assistance please do not hesitate to contact this office.

KCGOL Director, Denis Pozzebon, is deserving of your support and would urge you to make sure you cast your vote to give KCGOL members a direct conduit to QSL in relation to marketing matters/issues.

Thank you

Allan Parker

KCGO Manager

EXAMPLE:

Daily Sugar Price

Kalagro

Tuesday, 25 July 2023

The Oct 2023 contract settled at:  24.92 US c/b

The Australian Dollar currently trades at: 67.39 US cents.

Forward indicative prices in Australian dollars are:

$801 for 23 Season

$809 Oct Contract 23 Season

$705 for 2024 season

 $616 for 2025 season      

 $569 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.