Day: August 25, 2020

 

Tuesday, 25 August 2020

 

The October 2020 contract settled at:  12.71 US c/lb

The Australian Dollar currently trades at: 71.63 US cents

Forward indicative prices in Australian dollars are:

 

* $389 for Oct Contract – 2020 season

$396 for 2020 season

$385 for 2021 season

$361 for 2022 season

$354 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