Wilmar Cane Supply Agreements

 

KCGO has been alerted by Canegrowers Herbert River, that Wilmar pricing officers are telephoning growers for appointments relating

to Cane Supply Agreements and Pricing in the Herbert River.

 

While we are not aware of any such approaches to KCGO members, it would be advisable to treat Wilmar’s approaches with caution.

 

With the finalisation of an On Supply Agreement between Wilmar and QSL now appearing likely, and a BDCG Collective Agreement

being negotiated, Wilmar will be trying to convince growers to sign a Wilmar Agreement in preference to a Collective Agreement.

 

KCGO members should be aware that even when an OSA is agreed between Wilmar and QSL, it is likely to take a month before a contract

is drafted and signed between the two parties.  It will only be at this time that you can nominate your pricing to QSL, and as advised previously

growers now have three weeks from the time they sign a CSA to make their pricing nominations, and therefore there is no longer a requirement

to have your pricing nominations in place by the 28th February.

 

Should you be contacted by Wilmar to sign a CSA, or if you require further explanation of the above, you should contact Robert Malaponte (Chairman) or one of the KCGO Directors.

 

 

 

Friday 24th February, 2017

The October 2016 contract settled at:

20.16 US c/b

The Australian Dollar currently trades at:

77.15 US cents.

Forward indicative prices in Australian dollars are:

$572 for 2016 season

$563 for 2017 season

$523 for 2018 season

$500 for 2019 season

Proudly brought to you by Kalagro.

Wednesday, 22 February 2017

The October 2016 contract settled at:

20.80 US c/b

The Australian Dollar currently trades at:

76.75 US cents.

Forward indicative prices in Australian dollars are:

$593 for 2016 season

$579 for 2017 season

$528 for 2018 season

$498 for 2019 season

Proudly brought to you by Kalagro.

Tuesday, 21 February 2017

The October 2016 contract settled at:

20.30 US c/b

The Australian Dollar currently trades at:

76.88 US cents.

Forward indicative prices in Australian dollars are:

$579 for 2016 season

$569 for 2017 season

$524 for 2018 season

$499 for 2019 season

Proudly brought to you by Kalagro.