Sugarcane Growers Invited to Join Mulgrave Collective Pool

MEDIA RELEASE

6 November 2017

SUGARCANE GROWERS INVITED TO JOIN MULGRAVE COLLECTIVE POOL

Sugarcane growers who supply to MSF Sugar are invited to join the 2020 Mulgrave Collective Forward Pricing Pool.

Growers have until 24 November 2017 to elect into the pool and the pricing pool applies to the 2020 cane season.

MSF Sugar Marketing Manager Catherine Schutt said the pool was provided by MSF Marketing as part of Grower Choice, and provided growers with an opportunity to take advantage of strong market conditions over a longer term.

“Pricing decisions are made by the Target Price Panel members who are all active sugarcane growers in the Mulgrave region,” Ms Schutt said.

“The Mulgrave Target Price Panel has secured strong prices for the Mulgrave collective over the last three seasons, with an average $40 more AUD per tonne IPS gross achieved by the pool when compared with the average market price.”

Mulgrave sugarcane grower John Ferrando said the Mulgrave Collective Forward Pricing Pool gave all growers the opportunity to take part in forward pricing without having to do too much.

He said it helped to remove the “headaches and stress” involved with forward pricing.

“In most instances the Mulgrave Collective Forward Pricing Pool has outperformed the other alternatives,” Mr Ferrando said.

“It works well and takes advantage of long-term pricing opportunities.”

A grower information meeting will be held at the Mulgrave Rambler on Friday 10 November from 2pm.

Growers wishing to participate in the pool need to complete and sign several forms.

More details on the pool are available from the MSF Marketing team Catherine Schutt, 4043 3318 and John Stubbs, 4056 4709.

ENDS

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