Wilmar Sugar Marketing – 14th June
Month: June 2024
Member Reminders for 2024 Season
FIRE PERMITS
Members,
Fire permits are required to be completed each year. Please ensure you have this completed before your first burn for the upcoming 2024 season.
Please find below all information for your benefit and knowledge as well as the Fire Permit Application.
The administration staff can complete or assist members with this form.
Forms also available at the KCGO office.
HARVEST DEDUCTION AUTHORITY FORMS
Members, a quick reminder that if you have your harvesting costs direct debited from your cane pay, the Harvest Costs Authority form has to be
completed annually.
If you choose this option, this form will have to be filled out and returned to Wilmar before grower cuts their first round.
The administration staff can complete or assist members with this form.
Forms available at the KCGO office.
WEEKEND HARVESTING AUTHORITY FORMS
Members,
If you have changed harvesting contractors, or the harvest contractors has changed their entity details, growers from that group will need to complete
a new Weekend Harvest Authority form. If this form is not updated, the contractor does not receive the weekend harvest allowance.
The administration staff can complete or assist members with this form.
Forms available at the KCGO office.
Daily Sugar Price
Friday, 14 June 2024
The May 2024 contract settled at: 19.59 US c/lb
The Australian Dollar currently trades at: 66.36 cents
Forward indicative prices in Australian dollars are:
$650 July 24 Contract
$645 for 2024 season
$602 for 2025 season
$578 for 2026 season
$567 for 2027 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.
Kalagro Daily Fuel Price
Price effective Monday, 17th June 2024
DIESEL – $1.74061 including GST
UNLEADED – $1.71896 including GST
To place orders, please contact the Kalamia Cane Growers office.
Wilmar Business Update – Industrial Action #2 – 14th June 2024
Wilmar Business Update – Industrial Action #2 – 14th June 2024
Wilmar Daily Loading Advice
Loading Advice – Friday, 14th June 2024
Invicta 11 958
Kalamia 5 429
Pioneer 0
Inkerman 9 603
TOTAL 26 990
Kalagro Daily Fuel Price
Price effective Friday, 14th June 2024
DIESEL – $1.72979 including GST
UNLEADED – $1.71698 including GST
To place orders, please contact the Kalamia Cane Growers office.
Kalagro Daily Fuel Price
Price effective Thursday, 13th June 2024
DIESEL – $1.771630 including GST
UNLEADED – $1.71111 including GST
To place orders, please contact the Kalamia Cane Growers office.
Daily Sugar Price
Thursday, 13 June 2024
The May 2024 contract settled at: 19.10 US c/lb
The Australian Dollar currently trades at: 66.64 cents
Forward indicative prices in Australian dollars are:
$628 July 24 Contract
$623 for 2024 season
$591 for 2025 season
$573 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.
Notice to Members – Industrial Action – Fair Work Commission evidence filed
Notice to Members – Industrial Action – Fair Work Commission evidence filed
Dear Members,
In relation to Wilmar Sugar’s application to the Fair Work Commission, KCGO provided evidence that was filed with the Commission, of the potential consequential losses to growers of protracted protected further industrial action. The objective was to personalise the impact – that of individual farming entities/families and the wider Burdekin community reliant upon the work and income generated by the crushing.
The matters touched upon made real the likely negative impact on growers this season, bleeding into next season, should crushing be disrupted and the season length pushed out or crushing ceased before all cane was harvested. KCGO clearly stated no comment was made on the veracity of the dispute, however, as KCGO represents the interests of growers, an important factor in the deliberations of the Fair Work Commission when determining Wilmar Sugar’s application, was to have regard to the probable significant financial implications and disruption to your families and farming businesses.
KCGO will keep members apprised of developments.
Regard,
Allan Parker