Monday, 6 July 2020
The October 2020 contract settled at: 12.24 US c/lb
The Australian Dollar currently trades at: 69.31 US cents
Forward indicative prices in Australian dollars are:
*$387 for Oct Contract – 2020 season
$395 for 2020 season
$387 for 2021 season
$378 for 2022 season
$367 for 2023 season
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 3:2:1 ratio across the remaining three contracts.
For Growers who have chosen to roll 2020 – Season exposure, QSL will gross up their target price to be inclusive of roll costs incurred currently $0.58.
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Information sourced from QSL.