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Kalamia Cane Growers & Kalagro / KCGO News / Industry Information / SRA Media Release

SRA Media Release

December 17, 2024 annmaree dalessandro

SRA Media Release

SRA Media Release - Monday 16 December 2024
Industry Information, KCGO News, Media Releases

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Wilmar Business Update
Tue 17 Dec 2024

Kalagro Daily Fuel Price

Due to volatility of the daily fuel price, please call the Kalamia Cane Growers office for the Kalagro customers discounted price. 

To place orders, please contact the Kalamia Cane Growers office 4783 1312.

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Tue 17 Dec 2024

Tuesday, 17 December 2024 

The July 2024 contract settled at:  20.68 US c/lb 

The Australian Dollar currently trades at: 63.71 cents 

Forward indicative prices in Australian dollars are: 

$712 March 25 Contract 

$703 for 2024 season 

$630 for 2025 season           

$585 for 2026 season           

$568 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 2024 Season across the four applicable futures contracts, and a 1:2:2:1 ratio in the 2025, 2026 and 2027 Seasons.

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