Day: February 15, 2024

Reminder-Wilmar Grouping Guidelines and Application Form 2024

Kalagro

Reminder to all Growers – Changes to Harvest Grouping 2024

Applications for Changed Harvest Grouping for 2024 are required to be lodged with Wilmar by 28th February 2024.

If you have any changes to your Harvest Grouping for 2024, and require assistance to complete the attached Application form, please contact the KCGO Office.

Daily Sugar Price

Kalagro

Thursday, 15 February 2024

The Mar 2024 contract settled at:  23.37 US c/lb

The Australian Dollar currently trades at: 64.91 cents

Forward indicative prices in Australian dollars are:

$788 for 23 Season

$792 Mar 24 Contract – 23 Season

$751 for 2024 season

$687 for 2025 season     

$631 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 2023 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2024, 2025 and 2026 Seasons.