Reef Regulations Questions & Answers

REEF REGULATIONS QUESTIONS AND ANSWERS

Burdekin Productivity Services and Sugar Research Australia have forwarded a list of questions that growers have been raising during their discussions in relation to the new reef regulations.

Responses from the Qld Government in relation to these questions have been incorporated in the attached document.

If members require any further clarification around these questions/answers please do not hesitate to contact this office.

Les Elphinstone
Manager KCGO

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Daily Sugar Price – 5 December 2019

Thursday, 5 December 2019

The July 2019 contract settled at: 13.06 US c/lb

The Australian Dollar currently trades at: 68.49 US cents

Forward indicative prices in Australian dollars are:

*$417 for March Contract – 2019 season

$417 for 2019 season

$428 for 2020 season

$434 for 2021 season

$435 for 2022 season

(The 2019 Target Price Contract reflects a whole-of-season weighted average in a 5:1 ratio across the remaining contracts.

For Growers who have chosen to roll 2019 – Season exposure, QSL will gross up their target price to be inclusive of roll costs incurred currently $17.98.)

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Information sourced from QSL.