Sugar Price Outlook to Feature at the Rotary FNQ Field Days

22 May 2017

MEDIA RELEASE

SUGAR PRICE OUTLOOK PRESENTATION TO FEATURE AT ROTARY FNQ FIELD DAYS

Historically, sugar is one of the most volatile commodities on the futures market so it makes good sense for regional cane growers to listen to what MSF Sugar’s Portfolio Manager Matt Clarke has to say.

Mr Clarke is a specialist in the pricing of commodity futures and currency exposures for the ICE 11 sugar pools, the pools offered to growers who nominate MSF Marketing as their chosen marketer. He will be in Mareeba this week to attend the Rotary FNQ Field Days and during the event, will give a 15 minute market update presentation, speaking at 10.30am each day on Thursday 25 and Friday 26 May.

During his presentation, Mr Clarke will provide a recap of market activity to date and look at the global production outlook for the year ahead.

“Understanding the existing state of the global sugar market is essential in helping our growers make strong and effective decisions about the investment they have in their sugar cane crops.

“Global sugar prices are currently volatile and with more uncertainty than normal, price instability is likely to increase, impacted by  global production balances and the outcome of the monsoon in India, the world’s second-largest producing country.

“Our Field Day presentation will overview the forecast 2017/18 global production balances, price outlook and what could change over the next year,” Mr Clarke said.

Mr Clarke said MSF Sugar provided growers with the most transparent marketing arrangement available in the industry through its grower reference panel.  This is a group of growers who sees the details of every transaction made by MSF Marketing on behalf of pool members.

He also said MSF Sugar Marketing pricing and pooling options were flexible to cater for differing appetites for risk, which meant growers had the opportunity to influence their cane price individually, collectively, through regionalised collective pools or by taking part in the professionally managed in-season pools.

“MSF Sugar takes a proactive approach to business. We understand that our grower suppliers are critical and we want them to be well informed and prosperous. If our growers are successful then MSF Sugar is successful too,” Mr Clarke said.

ENDS
For more information please contact:
Wendy Hughes
MSF Sugar Communications Manager
Mob: 0417 043 954

Grower Presentation at the Field Days

MSF Sugar will be at the Rotary FNQ Field Days from Wednesday 24 to Friday 26 May to answer questions about the company’s plans for the future. On hand will be MSF Sugar Portfolio Manager, Matt Clarke, MSF Sugar Marketing Manager, Catherine Schutt, and MSF Sugar Tableland Cane Officer, Gary Murphy.