Mill Status following Rain – Wilmar

Good afternoon all,

Current state of play:

Inkerman harvesters that are able to cut will continue today up until we are unable to catch the tail going through the mill. The way it looks those groups will get all their burnt cane off. This still leaves about 3,500 tonnes burnt that cannot be harvested for a number of days yet. Some of this cane is now quite old and will have to be tested before we can accept it. Best case for Inkerman is start harvesting on Saturday and crushing later Saturday night

Invicta will cut about 16,500 today and are looking to load 21,000 tonnes tomorrow. As mentioned they are taking advantage of the light loading and doing a B side clean.

Kalamia will load about 11,000 tonnes today and about 11,000-12,000 tomorrow

Pioneer is loading about 10,000 today which should get them through until early tomorrow morning then cut about 8,500 tomorrow

All weather dependent.

Daily Sugar Price

Thursday, 17 June 2021

The July 2021 contract settled at:  17.04 US c/lb

The Australian Dollar currently trades at:  76.10 US cents

Forward indicative prices in Australian dollars are:

* $495 for July Contract – 2021 season

$492 for 2021 season

$454 for 2022 season

$407 for 2023 season

$375 for 2024 season

The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt 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 2020 Target Price Contract reflects a whole-of-season weighted average in a 0:0:0:1 ratio across the remaining contract, and 1:2:2:1 ratio across the four applicable futures contracts 2021, 2022 and 2023 Seasons.

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Information sourced from QSL