Author: Kalagro

Daily Sugar Price

Kalagro

Tuesday, 12 March 2024

The May 2024 contract settled at:  21.95 US c/lb

The Australian Dollar currently trades at: 66.14 cents

 

Forward indicative prices in Australian dollars are:

$728 for 23 Season

$728 May 24 Contract – 23 Season

$715 for 2024 season

 $669 for 2025 season

 $627 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.

SRA Research Showcase and R & D Plan Information and Feedback Session – 5th & 6th March 2024

Kalagro

SRA Research Showcase – 5th March 2024

SRA R & D Plan Information and Feedback Session – 6th March 2024

Dear Members

The SRA Research Showcase and R & D Plan Information and Feedback Session events, were attended by Robert Malaponte and Joe Quagliata, as KCGO Representatives.  Robert and Joe would like to thank Terry Granshaw for inviting and organising for them to have their say on Industry matters.

Mr Malaponte said that not only was it important for SRA to plan for their Strategic long term plan, we can’t take focus away from Industry issues that are currently impacting farmers.

Mr Malaponte indicated to SRA, issues that KCGO are heavily invested in, are the matters that affect individual growers today, which include present State and Federal Legislation, also a major concern for growers were the continuance of huge inconsistencies with rate values.

Mr Malaponte stated that KCGO Collective main roles were working towards creating better outcomes to benefit our valued Members.

In March next year there will be a meeting held, of all Stakeholders, to review the 10 year Plan that eventuated out of this two day workshop. 

Regards

Robert Malaponte

Daily Sugar Post

Kalagro

Friday, 8 March 2024

The May 2024 contract settled at:  21.29 US c/lb

The Australian Dollar currently trades at: 66.19 cents

Forward indicative prices in Australian dollars are:

$706 for 23 Season

$706 May 24 Contract – 23 Season

$698 for 2024 season

$662 for 2025 season   

$625 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.