2021 Forward Pricing & Pool Update MSF filled 2021 grower individual forward pricing orders at $450 and slightly better on several occasions through the months of February and March. The 2021 price has since retreated to currently be hovering around $430 per metric tonne actual. On top of the good results achieved by individual growers…
2021 Forward Pricing Update MSF has filled 2021 grower forward pricing orders at and slightly above $450 per Metric Tonne actual on multiple occasions recently, 22nd, 23rd and 26th of February. It seems that given the improving macroeconomic environment (Covid vaccine, global economic recovery) that ICE11 futures values will continue to improve, however, so too…
Pool Update As at the 1st of October the 2020 Late Season Pool was 65% hedged on sugar and 55% hedged on currency at a Mark-to-Market value of $399.30 per Metric Tonne IPS. This represents a $3/MT IPS improvement from the August Advance value. Similarly, the value of the 2020 Shared Pool has improved by…
Pool Update Minimal hedging has been completed on the 2020 Late Season Pool since the previous pool update on 26th of August as ICE11 sugar futures prices tracked south for most of the past month. See below MSF’s 2020 Pool values. The 2020 Shared Pool continues to go from strength to strength having been revised…
MEDIA RELEASE Wednesday 18 July 2018 UNLIKELY PARTNERSHIP EMERGES FROM THE CANE FIELDS On the surface, a link between a national car rally event and the sugarcane industry may seem unlikely, but after working together on operational requirements for Targa Great Barrier Reef, it quickly became evident that MSF Sugar and Targa Australia have an…
MEDIA RELEASE Thursday 14 June 2018 HARVESTING OPERATIONS AT SOUTH JOHNSTONE MILL IMPACTED BY DERAILMENT HARVESTING activities at MSF Sugar’s South Johnstone Mill will be impacted for several days as a consequence of a cane train derailment involving a double-header locomotive hauling 60 fully laden 6 tonne cane bins on the main line at Lawrence…
MEDIA RELEASE Wednesday 30 May 2018 SEE TRACK, THINK TRAIN! MSF SUGAR CRUSHING SEASON OFFICIALLY GETS UNDERWAY The annual sugarcane crush is about to get underway at MSF Sugar’s Maryborough, Mulgrave, South Johnstone and Tableland mills with an estimated 4,442,500 tonnes to be crushed by the group this season. In the areas located near Mulgrave…
MEDIA RELEASE 17 May 2018 SOUTH JOHNSTONE MILL CRUSHING SEASON TO COMMENCE ON SCHEDULE DESPITE FLOOD DAMAGE TO CROPS MSF Sugar’s South Johnstone Mill expects to see 1,732,500 tonnes of sugarcane harvested across its cane supply area for the 2018 season, with mill operations scheduled to commence on Tuesday 12 June. A total of 303…
MEDIA RELEASE 10 May 2017 LAND BANKING INVESTMENT LINKED TO RESTRICTIVE NEW VEGETATION LAWS With a bumper crop on the horizon for 2018, combined with MSF Sugar’s long term plans to expand Maryborough Mill the sugarcane industry remains an important driver of employment in the Fraser Coast region. The industry currently provides jobs for more…
MEDIA RELEASE 08 MAY 2018 MULGRAVE MILL PREDICTS A SUCCESSFUL SEASON DESPITE WIDESPREAD FLOODING Despite experiencing two major flood events since the start of 2018, MSF Sugar’s Mulgrave Mill is on track to commence the crushing season on Tuesday 12 June as planned. While flooding across the region was widespread, forward crop estimates remain on…
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