Monday, 19 October 2020
The March 2021 contract settled at: 14.43 US c/lb
The Australian Dollar currently trades at: 70.87 US cents
Forward indicative prices in Australian dollars are:
* $448 for Mar Contract – 2020 season
$444 for 2020 season
$408 for 2021 season
$389 for 2022 season
$379 for 2023 season
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 5:1 ratio across the remaining two 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 $9.43
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Information sourced from QSL