Tuesday, 8 September 2020
The October 2020 contract settled at: 11.93 US c/lb
The Australian Dollar currently trades at: 72.77 US cents
Forward indicative prices in Australian dollars are:
* $359 for Oct Contract – 2020 season
$368 for 2020 season
$375 for 2021 season
$359 for 2022 season
$355 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 $10.88
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Information sourced from QSL