Daily Sugar Price

 

Thursday, 15 July 2021

 

The Oct 2021 contract settled at:  16.93 US c/lb

 

The Australian Dollar currently trades at:  74.81 US cents

 

Forward indicative prices in Australian dollars are:

 

* $500 for Oct Contract – 2021 season

 

$597 for 2021 season

$463 for 2022 season

$413 for 2023 season

$376 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

 

Crushing Update – John Tait (Cane Supply Manager)

Good morning all,

Pioneer is going to have to do an unscheduled stop for 8 hours after zero hour this morning to replace some broken bolts at #1 Mill. Loading will be reduced to 8,500 tonnes for today.

Invicta also has a lighter loading due to various stops yesterday however the factory is crushing well at a high rate now

Kalamia rate is slowing as they head towards their clean next week but is crushing consistently

Inkerman is crushing well also but the rate is slowed a bit at present due to some issues around the clarifier which should be resolved throughout the morning.

Kind regards,

 

John Tait

Cane Supply Manager