Author: Kalagro

Daily Sugar Price

Kalagro

Tuesday, 18 June 2024

The May 2024 contract settled at:  18.98 US c/lb

The Australian Dollar currently trades at: 66.13 cents

Forward indicative prices in Australian dollars are:

$630 July 24 Contract

$630 for 2024 season

$596 for 2025 season

$576 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.

Member Reminders for 2024 Season

Kalagro

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

Kalagro

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.