This year's ANZAC Day saw hundreds turn out to remember the efforts of Australia and New Zealand's great service men and women. Veterans, schools, clubs and businesses poured into the streets to march in grand parades, and packed in close to attend services held across the Hinchinbrook Shire. Beautiful wreaths were lain and the bugles mournful tones echoed across respectful silences as flags were lowered to half mast. A gunfire breakfast, coffee and traditional ANZAC biscuits kept everyone going
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Allan Colquhoun grew up in Sydney, but his life has taken him far beyond the city limits. In his youth, he worked with a station owner named Bob, whose property combined dairy and sheep farming with a focus on Jersey bulls and cows. One vivid memory that’s stayed with him is of Bob chasing down a bull meant for butchering on his stock horse —a beast that, to Allan’s amazement, climbed over the holding fence one hoof at a time to escape. Allan spent most of his working life as a coastal travelle
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Hinchinbrook Chamber of Commerce, Industry & Tourism held their monthly Coffee Connect last week, being hosted by local business Wild Local. There was a very strong attendance at this event, with Federal Member for Kennedy Bob Katter and KAP Senate candidate, Robbie Lyon. Rebecca and Dom Zaghini provided a delicious light snacks and gave the audience an overview of their business journey from inception to their current location, the diverse range of products they provide and some insight into t
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Over the weekend, the Ingham Kennel Club hosted six rounds of dog shows, featuring judges from across Australia who rotated to ensure fair and balanced competition. Dogs were entered into one of seven group categories, with the Toy Group attracting the largest number of entries. Sunday's shows saw the Italian Greyhound emerge as a standout, making up 20 of the 170 total entries across the weekend. Unique and rarely seen breeds like the Xoloitzcuintli and Briard added excitement to the event, of
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Wilmar Manager Grower Marketing
February was a positive month for prices with growers using the rally to tidy up 2024 season Target and GMPRS pricing.
Additionally, with 2025 season prices breaking through $650/t, there has been increased scale up selling from Target price growers. There is, however, still plenty of 2025 pricing to go with only about 25 per cent of Target prices locked in at this point.
The rally has also allowed our 2024 season pools to be forecasting higher returns. We have incrementally locked in prices on the rising market to ensure any potential correction will have less impact on final returns for the 2024 season. Likewise, we have initiated hedging on the #11 sugar contract to put a floor under a portion of the new Managed Pool Plus for the 2025 season.
This initial positioning combined with some sub 62 cent currency is providing a good foundation for that pool return. However, there is still a long way to go for 2025 season pool valuations to be finalised. With the focus on 2025 season and beyond, let’s have a quick review of the current outlook.
Most analysts are currently forecasting a small production surplus (Wilmar 3.5m tonnes) for the 2025-26 season based on a large Brazilian and Indian crop. Brazilian forecasts are starting to be scaled back as continued dry weather through February downgrade yield expectations. On the flip side, Indian forecasts are being maintained as high domestic prices encourage crop expansion and a very good monsoon filled storage and moisture profiles.
Nominations for our 2025 season GMPRS pricing mechanism are now open. This remains a popular choice among Target price growers due the flexibility of being able to price all GEI sugar exposure – excluding the US quota proportion – from mid-May in each season. Typically, growers are cautious about pricing too much of the final proportion early in the season as price risk is replaced with production shortfall risk.
During March we will be holding a series of shed meetings to update growers with the latest analysis from Wilmar on the outlook for 2025 season and beyond. Get in touch with your local Wilmar Grower Marketing consultant to find your closest meeting.
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