It has been a challenging time across our growing communities, with every region affected to various degrees by the recent rain event.
The Herbert region obviously bore the brunt of it with extensive flood damage, lengthy power outages, communication issues and prolonged supply issues.
In the Burdekin, we had floodwater through Invicta Mill at Giru twice in the space of one week, and the whole region was impacted by localised flooding, highway closures and access issues. Our Proserpine region had some local flooding and minor track damage while Plane Creek largely dodged a bullet.
As our Grower Marketing consultants live in the regions, they have been reaching out to our growers to check in on their general well-being as well as assessing crop status for this year’s harvest.
It’s too early to say what the impact will be on the 2025 crop. Suffice to say that we need a bit of clear weather to allow growers to get into fields to visually assess crop status – particularly in the Herbert.
A few days of sun will also allow us to do a detailed inspection of our Herbert rail network and get the job under way of assessing bridges and replacing ballast that was washed away by floodwater.
Our Grower Marketing team has also used this period of time to talk growers through the wash-up of pricing for the 2024 season.
Even with final deliveries and CCS being lower than estimates, there were very few hard washouts, which is a good result.
There is still a portion of pricing to be done for the tidy up of the 2024 season with growers hoping for a kick above $700/t to close out their orders. Growers appear to be targeting $650/t as the next level to fix some more 2025 Season GEI sugar exposure.
Interestingly, results from our survey of growers last year indicated that, among the things that keep them awake at night, sugar price volatility ranked number four while the weather came in at number seven.
A quick reminder for growers who may need a cash injection with the disruptions caused by the recent flooding. Our Pre-Season Payment allows for an advance of $5/t cane for all cane nominated to Wilmar.
Caption: Repairing ballast washouts will be a key focus for Wilmar's Herbert cane rail network in the coming months. Photo supplied
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