Day: May 8, 2024

Reminder – P&K Waiver, Release & Indemnity form – Seed Cane, Pricing and Rebate Incentive

Kalagro

Reminder – P&K Waiver, Release & Indemnity – Seed Cane, Pricing and Rebate Incentive

The following P&K Waiver, Release & Indemnity form has to be signed if purchasing seed cane from the P & K Plot. 

Forms are available at the Kalamia Cane Growers office.

Pricing for Seed Cane from the P&K Farming Plot follows.

Kalamia Cane Growers offer – Rebate available for purchasing Plant Seed Cane subject to the conditions detailed on the following ‘Offer of an Incentive for Purchasing Plant Seed Cane’ information sheet.

Daily Sugar Price

Kalagro

Wednesday, 8 May 2024

The May 2024 contract settled at:  19.95 US c/lb

The Australian Dollar currently trades at: 65.98 cents

Forward indicative prices in Australian dollars are:

$662 July 24 Contract

$659 for 2024 season

$631 for 2025 season

$610 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.