Day: November 20, 2024

KCGO Member Notice – Wet Weather Event Update

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KCGO Member Notice – Wet Weather Event Update

Members, please note that BOM has forecast a wet weather event for the next three days.

Tomorrow, 21st through to Saturday, 23rd November. As this forecast accumulative over 3 days is greater than

a 50% chance of 25mm of rain (up to 25mm for each day), any cane burnt and not able to be harvested before this event

may fall outside of KCGO’s wet weather policy. 

I will continue to update as more information comes to hand by 4pm this afternoon.

Regards,

Allan Parker

KCGO Manager

Daily Sugar Price

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Wednesday, 20 November 2024 

The July 2024 contract settled at:  22.02 US c/lb 

The Australian Dollar currently trades at: 65.32 cents 

Forward indicative prices in Australian dollars are: 

$741 March 25 Contract 

$732 for 2024 season 

$655 for 2025 season           

$603 for 2026 season           

$576 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 2024 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2025, 2026 and 2027 Seasons.