1

CANEGROWERS Burdekin Ltd Newsletter Edition 2017/19 Distributed: Friday 27 October 2017

Continues page 3

Members only are invited to the

Annual General

Meeting

Tuesday 28th November 2017

5.30pm

CANEGROWERS Hall,

Home Hill

Followed by BBQ & drinks

Guest Speaker:

John Warda, Sugar Terminals Ltd

CEO

RSVP to 47903600 or email

bdk@canegrowers.com.au

for catering purposes

Power price fix is within government reach How much more evidence do governments need before they act on unfair and

crippling power prices?

Sugarcane grower organisation CANEGROWERS says the patience of the

community is exhausted with governments which refuse to rein in the big

profits of power companies.

“The Australian Competition and Consumer Commission report released today

has found that power prices across Australia have risen 60% in the past

decade but for our CANEGROWERS members and other irrigators the rises

have been 130%!” CANEGROWERS CEO Dan Galligan said.

“The ACCC has backed up what we have been saying for years, that these

rises and their terrible toll on the profitability of farms are principally driven by

the ‘gold plating’ of power network, the lack of effective retail competition and

failing regulatory arrangements – they have nothing to do with the actual costs

of generating and supplying electricity.

“This has to stop now. Electricity prices must be reduced.

Harvest Restart this Weekend Given the prevailing weather it appears that harvesters will begin to move

starting with the Invicta area this weekend. Invicta Mill locos have commenced

delivering bins into sidings in preparation to a resumption of harvesting this

weekend.

Pioneer mill has been operating in cogeneration mode during the weather

induced stoppage whilst the other mills have carried out maintenance in

preparation for resumption of crushing.

There is about 4 weeks harvesting and crushing ahead to remove the 2017

crop – weather and other factors permitting.

Managing dirt levels as reasonably as possible in the field will assist in

contributing to the earliest possible finish.

Let’s hope the resumption goes well, the weather is kind going forward and we

get a good run to remove the rest of the 2017 crop.

Earlier today Wilmar advised the following dates for mills to resume crushing

operations, it is expected that harvesting will commence the day prior.

Invicta - Sunday - 29 October

Pioneer - Tuesday 31 October

Kalamia - Wednesday 01 November

Inkerman - Tuesday 31 October

2

Crushing Stats

W

eek 1

9 a

s at

21/1

0/2

017

2017

estimate

8,050,000

CR

OP

CR

US

HE

D

TO

DA

TE

6,517,651

81%

3

CANEGROWERS Trade and Economics Committee meet in Burdekin The Committee met in Ayr during the week to conduct a

preparation meeting in readiness for the Policy Council meetings

to be held in Brisbane during November.

The Trade and Economics Committee was formed when

CANEGROWERS restructured the board membership and set

up dedicated Committees’ to feed into the Policy Council which

meets three times a year.

Agenda items for the meeting covered Water, Electricity,

Marketing and Trade.

It was the first time that the Committee had met in the Burdekin

and visitors to the district took the opportunity to hear

presentations on the Energy Efficiency Gains for Irrigators and

visit irrigation trial projects currently being conducted in the

Burdekin.

The Committee appreciated and recorded their thanks for the

time spent in the presentations and inspections by BBIFMAC

Manager Arwen Rickert and Steve Attard of Agritech.

Trade & Economics Committee members Peter Sheedy (Herbert River

CANEGROWERS Manager), Rajinder Singh (Committee Chair from

Tablelands area), Tony Ross (from Mackay area) and Warren Males

( CANEGROWERS Qld Head Economics) viewed the irrigation trial

project with Agritech’s Steve Attard (second from left)

“Power companies have passed on the costs of their over-investment in poles and wires to consumers and successive

Queensland Governments have reaped the benefit, through dividends, to the tune of $1.5 billion each year.

“The ACCC’s is the latest investigation to blow the whistle on this hidden tax being paid by all of us, households and businesses.

“At the next elections, state and federal, we will all be watching closely to see who is going to call a halt on this,” Mr Galligan said.

CANEGROWERS has a five point plan to fix power prices for irrigators. The sugarcane farmers’ organisation is urging all political

parties lining up for the next Queensland State Election to commit to:

• Optimise the regulated asset base and require Energy Queensland to take responsibility for its management decisions

• Remove hidden taxes from Energy Queensland’s cost structure

• Redesign the network tariff system to ensure irrigators are not paying for congestion costs caused by other consumers

• Reinstate local distribution grids

• Require Ergon to re-submit a tariff proposal that contains fair pricing for Queenslanders.

Power price fix is within government reach continued

4

BPS & Farmacist shed meetings BPS and Farmacist will be conducting a round of shed meetings in

November 2017. Topics will include SRA8, smut update, variety selection,

irrigation, managing nitrogen losses, managing seed cane and chemical

losses. Please see the table below for times and dates. Growers are

welcome to attend an alternative shed meeting if they are unable to attend

their normal venue.

Burdekin excluded from annual land valuations Landowners in 22 of

Queensland’s 62 rateable local

government areas (LGAs) will

receive new land valuations in

March 2018. The Burdekin will

not be one of these.

In LGAs where new valuations

are not issued in 2018, the most

recent annual valuation will

remain effective for rating, land

tax and state land rental

purposes until the next valuation

is undertaken.

Queensland landowners can

now sign up to receive their next

land valuation notice and the

2018 Valuer-General’s property

market movement report

electronically by visiting the

Department of Natural

Resources and Mines website at

http://www.qld.gov.au/

environment/land/title/valuation/

change-details/

Date Time Group Venue

Thur 2nd Nov 8:30am Leichhardt Brotto Shed

Fri 3rd Nov 8:30am Inkerman/Fredericksfield/Koolkuna G MacElroy

Fri 3rd Nov 1pm Down River/Ramsdens N Pitris

Mon 6th Nov 8:30am Osborne/Causeway/Iona R Piva

Mon 6th Nov 1pm Darveniza/Groper Creek/Marshalls B Santarossa

Tue 7th Nov 8:30am Selkirk/Haughton/Bartlett/Upper Haughton SISL

Wed 8th Nov 8:30am Millaroo/Dalbeg J Cambruzzi

Wed 8th Nov 12pm Clare/Mulgrave/Stockham Rd Clare Club

Thur 9th Nov 1pm Jardine/Mona Park/Barratta L Smith

Fri 10th Nov 8:30am Rita Island SES Shed

Fri 10th Nov 1pm Jarvisfield/Kilrie Quartermaine

Mon 13th Nov 1pm Waterview/Sextons E Pearce

Tue 14th Nov 8:30am Aerodrome/Colevale/Town/Pioneer Mill B Lago

Tue 14th Nov 1pm Airville/Dicks Bank/McDesme BPS Shed

Wed 15th Nov 8:30am Airdmillan/Burstalls N Formalin

Wed 15th Nov 1pm Giru/Shirbourne D Poletto

Is your irrigating energy efficient? CANEGROWERS Burdekin members have the opportunity to

find out how their irrigating electricity usage and costs

compare to others in the Burdekin through the BBIFMAC

Energy Efficiency Gains for Irrigators project.

If you previously took part in the project you can continue the

project to add an additional two years worth of data so the

impact of dry years and rising energy prices can be quantified.

Being part of the project is a simple process of authorising

BBIFMAC to access your electricity and production data to give

you results such as energy usage per hectare, energy usage

per tonne cane, cost per tonne cane etc. You can then

compare your efficiency to others in the area (anonymously)

with the data collated from other growers.

For more information and to take part contact Arwen at

BBIFMAC on 47 834 344 or forms are available from CBL’s

office email bdk@canegrwoers.com.au or phone 4790 3600.

5

Queensland Government electricity announcements The following letter to the editor appeared in

regional papers throughout Queensland.

Handouts, hand-ups and support measures are no

doubt welcome relief to many Queenslanders

struggling with high power bills but, unfortunately,

they will do nothing to address the systemic

problems in the electricity pricing system that have

driven prices up in the first place.

The Queensland Government has issued five

electricity related media releases in less than 48

hours. They’ve realised this is a hot issue for the

community and voters!

While doing its best to sound sincere and

generous, it must not be forgotten that the

Queensland Government will still make good

money from electricity – from the households and

businesses of Queensland.

The Government can make these announcements

because revenue is higher than expected.

Electricity is not quite a magic budget pudding, but

it’s pretty close to one.

As the owner of the assets, the Government could

cut its profit take on a permanent basis and ensure

the power companies make corresponding cuts to

their tariffs and charges.

It could also write down the inflated asset bases,

the results of over-investment, which stimulates

power companies to seek a higher return from

electricity users.

And, on behalf of our cane farming members,

CANEGROWERS has been calling, with other farm

groups, for specific food and fibre tariffs to

recognise the importance of agriculture in feeding

and clothing us as well as providing export income

for the state.

A sustained price cut and a new tariff structure that

suits electricity users rather than the power

companies would deliver benefits where they’re

needed most.

The bill rebates announced by the government are

some relief but they are an inefficient mechanism.

In the long run, rebates are less economically

efficient and sustainable than tackling the causes

of high power bills head on.

Dan Galligan, CEO CANEGROWERS

6

CANEGROWERS

free call

1800 177 159

For free advice on legal

issues contact

Canegrowers’ legal advisor

Chris Cooper

Worker killed after being pinned

by mobile plant

In October 2017, a worker was killed after he was pinned between a cane haul out vehicle (a vehicle used to collect and remove

sugar cane as it is harvested) and a fuel tanker trailer. The worker, who was the operator of the cane haul out vehicle, was

attending to maintenance issues at the time. He was found by another worker who went to check on him after he failed to return

or call on the UHF radio. He could not be revived.

It is not clear at this stage what caused the incident as there were no witnesses. Investigations are continuing.

Preventing a similar incident

Incidents have occurred where mobile plant operators and other people nearby have been killed or seriously injured after being

hit, pinned or crushed by the mobile plant.

In ideal circumstances, mobile plant should be turned off prior to exiting the vehicle. However, when performing certain

maintenance functions or when using ancillary equipment requiring power takeoffs or vehicle mounted cranes, it may be

necessary to have the engine running. In such circumstances, you must ensure that park brakes are applied and the vehicle or

mobile plant is adequately immobilised before you get out of it.

If you are the person with management or control (PWMC) of mobile plant, you must ensure that:

• it is used in accordance with manufacturer's specifications

• the ignition/starter switch key is removed if you leave it

• no-one works in, under or around it unless it has been prevented from moving

• wheel chocks are used if required

• workers are trained and competent to safely operate it

• all safety features and warning devices are used in accordance with instructions, including guarding, operational controls,

emergency stops and warning devices

• when not in use, it is left in a state that does not create a risk to health and safety.

Mobile plant maintenance, inspection and testing must be carried out by a competent person and the PWMC must ensure that:

• a safe system of work for maintenance is in place and workers follow it

• the plant is effectively immobilised

• maintenance is carried out in accordance with the manufacturer's recommendations

• where the plant needs to be operated during maintenance, that the risks associated with the maintenance activities have

been eliminated or minimised.

The PWMC of mobile plant must ensure that its controls are:

• identified to indicate their nature and function

• located so that they are readily and conveniently operated

• located or guarded to prevent unintentional activation

• able to be locked off.

PCBU's (person conducting a business or undertaking) must also manage the risks associated with workers carrying out work in

isolation. A worker may be considered to be working in isolation even if there are other people nearby. For example, a worker

carrying out unsupervised work activities in an area separate to other workers is considered to be working in isolation. Those

working in isolation must have an effective means of communication and access to assistance including rescue, medical

treatment and emergency services.

7

CANEGROWERS Queensland … taking up the fight on all issues affecting cane farmers

Executive Comment

✓ Various meetings were held over two days in Canberra with Senators and MPs prior to the vote regarding Senator

Leyonheljm’s Code of Conduct disallowance motion. With the strong support of the majority of the Senate, a motion to defer

the disallowance bid and the disallowance motion itself were both defeated.

✓ Meeting in Sydney to discuss the social license Health Responders strategy to put in place future arrangements with the

existing nutrition team.

✓ Along with QFF and other QFF members, met with the officers of State Government Ministers to discuss state election

campaign and intensive agriculture issues. It was unfortunate that the Government could not provide any actual Ministers to

attend the meeting but the Premiers Chief of Staff and a number of other either senior advisors or Chiefs of Staff from

relevant portfolios were in attendance.

✓ Finalise AGM and Board meeting arrangements for Australian Sugar Alliance.

✓ Working with Qld Department of Agriculture to assess damage from recent flooding in the Southern region in preparation for

disaster assistance measures to be deployed.

Legal

✓ Reviewing district contracts regarding Industry Recovery Officers.

✓ Advising growers regarding rights to object to land resumption.

Smartcane BMP

✓ Meeting with Bonsucro staff confirmed that the endorsement protocol for programs such as Smartcane BMP is being

pursued, and that there is interest in trialling an integrated audit process on Queensland farms in early 2018.

✓ Met with SRA, Queensland Gov and Australian Gov reps to discuss recommendations on the project report and better

alignment of nitrogen inputs to crop requirements. The main recommendation was development of a ‘tool box’ that sits within

Six Easy Steps and assists the grower, or his/her advisor, to identify and evaluate options for refinement of the 6ES standard

recommendations. A proposal and project plan will be developed by December.

Burdekin Water Futures Conference

✓ The Burdekin Water Forum was held from Monday 9 October to Wednesday 11 October 2017 and focused on managing

irrigated agriculture in Great Barrier Reef Catchments. Matt Kealley presented at the conference.

✓ The conference brought farmers, scientists and government representatives from around Australia to participate in

presentations and discussions to manage irrigated agriculture.

✓ A field trip toured the Burdekin district showcasing some of the best practices in irrigation management, water storage and

supply infrastructure.

National Water Initiative (NWI)

✓ CANEGROWERS lodged a submission to the Productivity Commission review of water policy, highlighting the importance of

the water-energy nexus.

QFF Water & Energy Policy Committee

✓ CANEGROWERS participated in the QFF Water & Energy Policy Committee meeting which included:-

o Mineral, Water and Other Legislation Amendment Bill 2017

o Bulk water prices for SunWater

o Qld Independent Audit of Water Measurement and Compliance

o QFF submission to NWI

Trade

✓ CANEGROWERS provided advice to Department of Foreign Affairs and Trade in relation to its Free Trade Agreement

negotiations with Peru.

Chemicals – Shirtan

✓ The Australian Government is reviewing the CBA for the Minimata Convention for Mercury, which affects the industry

fungicide product Shirtan.

✓ CANEGROWERS participated in a teleconference with Marsden Jocobs to discuss the revised Cost Benefit Analysis for

Shirtan. Further information is required on use and application so the CBA can be revised.

8

CANEGROWERS Queensland … taking up the fight on all issues affecting cane farmers

Reef Regulations RIS

✓ CANEGROWERS held a phone hook-up with ASMC and representatives from industry extension to discuss the RIS,

understand local issues and ensure a coordinated industry response. Representatives included CANEGROWERS,

CANEGROWERS Bundaberg, ASMC, MSF, QFF, MAPS, Proserpine Sugar Services, Burdekin Productivity Services and

ISIS Productivity Services.

✓ Issues identified include:

o Heavy reliance on the Alluvium report for the Cost Benefit Analysis

o Limited science on nitrogen and transition to refined N management and extension needs

o Effectiveness of current regulations

o Potential perverse outcomes

o Offset policy

o One size does not fit all

o Soil loss controls

o Modelling

✓ Outcomes discussed:

o Agreed that the premise of the policy is important and the industry will do what it can to help within reason.

o Consensus that the Government must provide industry with better monitoring because modelling is insufficient and need to

better understand progress towards targets.

o Targets must be achievable as the current message is that the targets set will not be achieved. Stakeholders need to be

confident targets are achievable.

o Encourage submissions from each region to highlight local issues. If not providing an independent submission, send case

study/specific issue examples to QCGO.

o Industry must be involved in developing WQ offsets framework.

o Ensure mill mud exemption is retained (for nutrient calculations).

o BMP is the better approach.

✓ The RIS submissions are due 3 November 2017.

Cane Changer

✓ CANEGROWERS met with John Pickering from Behaviour Innovation on the Cane Changer project. Over 160 growers have

committed to change through the Cane Changer Commitment and the Cane Changer project is now live in five of the six

cane districts in the Wet Tropics.

✓ The support from Office of the Great Barrier Reef and CANEGROWERS has been excellent and the project is on

track. Behaviour Innovation met with the Environment Minister to brief him on the project. The positive recognition of the

industry by the government through the project is starting to make a big difference.

✓ Strong linkages between Cane Changer and the MIP and Reef Trust III are underway.

National Farmers Federation Economic Policy and Farm Business Committee

✓ CANEGROWERS attended the above meeting and the main issues on the agenda were:

Transport harmonisation and the road safety project for agricultural vehicles. The CEO of NHVR provided a presentation on the chain of responsibility and national harmonisation process.

Inland Rail update

The NFF response to the Regional Investment Corporation – Discussion Paper on Key Loan Settings

Progress on NFF’s Drought Policy

Transport

✓ CANEGROWERS attended a meeting with National Farmers Federation (NFF), National Heavy Vehicle Regulator (NHVR),

Queensland Police, Queensland Transport and Main Roads and NSW Road and Maritime Services to discuss the

harmonisation of agricultural vehicle regulations. The main NFF point was that NHVR should be pushing harder for genuine

harmonisation and not just documenting the current State regulations.

✓ NHVR has no ability to override the state organisations (road managers and police) on granting access and conditions of

travel. State organisations are reluctant to change their regulations without evidence that safety and infrastructure is not

compromised.

✓ There is an NFF project to assist in establishing the current crash records with over dimension agricultural vehicles. The

NHVR recommendation is to accept the progress to date (mostly on definitions) and then work through the differences in

dimensions between States to achieve harmonisation. This is a complicated process.

9

1. The Federal and State Governments must take the energy

crisis seriously ahead of the QLD election. It's been a fight

for farmers who have been at the mercy of increasing

electricity prices for the last decade. QFF

statement HERE.

2. Electricity prices have damaged rural and regional

industry and contributed to a 'severe electricity

affordability problem', according to an ACCC report.

Details HERE.

3. The Rural Jobs and Skills Alliance (RJSA)

has successfully lobbied government to change the

eligibility criteria for farm employees wanting to upskill

through the Farm Business Management course. QFF

statement HERE.

4. North Queensland growers affected by natural disaster

can give feedback that will help industry develop crop

insurance suited to tropical agriculture. Survey HERE.

5. Agriculture is without dedicated

government leadership following the resignation of Bill

Byrne. With an election looming, QFF calls for all sides of

politics to address farmers' issues. QCL column HERE.

6. QFF and its members met with the Liberal National Party

last week to talk about the upcoming state election. This

week they will meet with the Australian Labor Party.

7. Women & Leadership Australia have released another

round of scholarship funding for farming women.

Expressions of Interest are being sought until 15

December HERE.

8. The State Government's quad bike safety advertising

campaign Ride ready is seeking your feedback to

enhance its safety messaging in an online survey HERE.

9. The ACCC has launched a new online tool for people in

the agriculture sector to anonymously report concerns

about competition or fair trading issues. See it HERE.

10. Technology associated with video gaming is being used in

the war against weeds to develop a high-tech precision

weed spot sprayer.

QFF is a federation that represents the interests of peak and national

agriculture industry organisations which in turn represent more than

13,000 primary producers across the state.

CANEGROWERS is a major commodity member of QFF.

Energy Savers program extension good news for farmers The Queensland Farmers’ Federation (QFF) has welcomed

the State Government’s commitment of $10 million to extend

the Energy Savers Plus program.

The expanded Energy Savers Plus program will include an

additional 200 energy audits for agricultural customers and

offer a 50% co-contribution (capped at $20,000) towards the

cost of implementing changes recommended through the

audits.

QFF President Stuart Armitage said that the Energy Savers

Plus program has been and continues to be an important

resource for Queensland farmers to identify, learn and

implement energy efficiency practices and changes to their

businesses.

“By expanding the partnership between QFF and the State

Government, farmers throughout the state will continue to

benefit from the opportunity to identify energy savings as the

sector grapples with the impact of electricity price increases.

“QFF is looking forward to working through the details of the

expanded program with the government. The addition of an

implementation bonus for farm businesses taking up the audit

recommendations is a positive step, and we must continue to

evolve other elements of the program too.

“An industry-led program will give greater consideration of the

entire water-energy-productivity nexus that farm businesses

face and we look forward to seeing the details.

“In a public debate that is so focused on supply-side energy

matters, it is pleasing to see the government recognise the

importance of energy efficiency and demand management in

reducing energy costs.

“It is also important to remember that the Energy Savers Plus

program is an essential, but not the only, piece of the puzzle

when trying to solve the ‘energy crisis’ gripping rural and

regional Queensland.

“Energy Savers is a useful tool to help farmers proactively

dampen the impact of the massive price rises we have seen,

but it does not completely solve the broader issues of

electricity affordability – we have to keep working at the other

areas too”, Mr Armitage said.

To date 60% of the 130 farms participating in the Energy

Savers program have or plan to implement part of the $3

million of annual energy cost savings identified in the energy

efficiency audits across different industries. This includes 50

farms implementing energy efficiency projects and another 32

that are planning to in the future.

10

Pricing information

Growers can monitor QSL pool performance via the Price Pool Matrices

published on the QSL website (www.qsl.com.au). This information is updated

regularly and provides a sense of how the QSL-managed pools are performing

over the current season.

Crop Year Indicative Price Movement

2017 Season 393.90 0.06

2018 Season 425.14 0.95

2019 Season 445.63 -0.10

2020 Season 453.49 0.10

Calculation using ICE Closing Prices or equivalent Bank Swap Rates and

prevailing AUD/USD exchange rates

Refer to https://www.wilmarsugarmills.com.au for additional Pricing

Information and trends

$/Tonne IPS

GROSS 2017

QSL Harvest Pool $425

QSL Actively Managed Pool $411

QSL Guaranteed Floor Pool $369

QSL US Quota Pool $711

QSL 2-season Forward Pool $487

Advance Rates are based on a grower's individual estimated final sugar price.

For more information growers can access Wimar's monthly Pool Reports,

Allocation Account Amount Reports, their applicable Advance Finance Charge

via the reporting page of the Pricing and Payments

section of the GrowerWeb. The cashflow forecast tool is also available in the

Pricing & Payments section.

Default Default

Advances

Cash on delivery

Advances

Jun -17 65% 90%

Jul -17 65% 90%

Aug -17 65% 90%

Sep - 17 67.5% 90%

Oct -17 70% 90%

Nov - 17 72.5% 90%

Dec -17 75% 90%

Jan - 18 80% 90%

Feb - 18 85% 90%

Mar - 18 90% 90%

Apr -18 92.50% 92.5%

May -18 95% 95%

Jun -18 97.5% 97.5%

Jul -18 100% 100%

Wilmar Indicative Future Sugar Prices

as at 27 October 2017

2017 Season Advances Schedule

As at 31 August 2017

QSL Indicative ICE 11 prices

as at 27 October 2017

SEASON AUD/MT CHANGE SINCE

PREVIOUS CLOSE

2017 - MAR18 403.35 -0.01%

2017 - MAY18 406.11 -0.08%

2018 424.71 -0.06%

2019 444.63 -0.20%

2020 448.94 -0.97%

The figures quoted above are indicative of available ICE 11 prices as at the

current date and reflect the weighted average AUD/mt price. The prices have

been adjusted to include Over-the-Counter (OTC) margin fees charged by

banking institutions and, therefore, may differ from daily prices quoted by the

ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in

Sugar (GEI Sugar). Values also do not account for any adjustments resulting

from local grower-miller pricing arrangements. For more information, view the

latest QSL Market Snapshot here.

Estimated QSL Pool Prices

As at 13 October 2017

2017 Season Advances

Schedule

As at 31 August 2017

Applicable

from

Fixed Price/Target

Price/Guaranteed

Floor

Other Pools %

Rate

Initial 60% 60%

24 Aug 17 70% 70%

19 Oct 17 72.5% 72.5%

14 Dec 17 90% 75%

25 Jan 18 90% 80%

22 Feb 18 90% 82.5%

22 Mar 18 90% 87.5%

19 Apr 18 90% 90%

17 May 18 92.5% 92.5%

21 Jun 18 95% 95%

July 18 100% 100%

Percentage rate approved by QSL Board

The program above is indicative only in its entirety and should not be taken as a

commitment by QSL with regard to either the advance rate or date of increase.

The program may change during the season depending on movements in the

marketing and shipping plans, sugar price and currency movements and timing

of cash flows. Suppliers’ positions in relation to any pricing elections may also

impact the timing and size of advance payments.

Confirmed

$/Tonne IPS

GROSS 2017

Wilmar Production Risk Pool $384

Wilmar Managed Pool $409

Wilmar US Quota Pool $638

Estimated Wilmar Pool Prices

As at 29 September 2017

As of the 29th September Wilmar does not currently have a component which is required to be

sold or priced in order to manage storage constraints in the sugar terminals and, at this stage,

remains unpriced until tonnage in this pool begins being delivered into sugar terminals. This

means the Gross Pool Price is currently a marked-to-market price reflecting the March 2018

and May 2018 ICE #11 futures positions, which is consistent with the expected sales program.

If you would like to know more about Wilmar's Production Risk Pool and our pricing approach,

please contact a member of the Grower Pricing Team.

Gross Pool Prices are an estimate based on the tonnes hedged and current market price (as at

the last business day of the month) for unhedged tonnage. Allocation Account Amounts begin

the season as estimates and are reviewed and updated on a monthly basis as actual

premiums and costs are known.

The monthly pool price report is available on the Wilmar grower web

Contact Us

HEAD OFFICE

141 Young Street, Ayr

bdk@canegrowers.com.au

Office Hours Mon - Thurs: 9am - 5pm

Fri: 9am - 3pm

4790 3600

bdk@canegrowers.com.au

CANEGROWERS Hall

68 Tenth Street, Home Hill

Wayne Smith General Manager 0428 834 802

4790 3604

Michelle Andrews JP (Qual)

Manager: Finance & Admin 4790 3602

Tiffany Giardina Payroll & Administration 4790 3601

Racheal Olsen Solaris Insurance Brokers

Manager racheal_olsen@solarisinsurance.com.au

4790 3606

0408 638 518

Email address: firstname_lastname@canegrowers.com.au

DIRECTORS

Phil Marano

Chair

marano@bigpond.com 0404 004 371

Owen Menkens

Deputy Chair

owen_menkens@hotmail.com 0409 480 179

Steven Pilla spilla8@bigpond.com.au 0417 071 861

Roger Piva rogerdpiva@gmail.com 0429 483 815

Sib Torrisi sibbyt58@bigpond.com 0429 827 196

Greg Rossato greg_rossato@outlook.com 0418 713 563

canenews is read by the majority of Burdekin cane

farmers and their families in the Burdekin. Copies

are also circulated to all CANEGROWERS Offices,

businesses, industry, politicians, Government

Agencies and members of the community.

Published Weekly by:

CANEGROWERS Burdekin Limited

ABN: 43 114 632 325

Postal Address: PO Box 933, AYR QLD 4807

Telephone: (07) 4790 3600

Facsimile: (07) 4783 4914

Email: bdk@canegrowers.com.au

Please direct all advertising enquiries and materials

to the above.

Disclaimer

In this disclaimer a reference to “CBL ”, “we”, “us” or “our”

means CANEGROWERS Burdekin Limited and our

directors, officers, agents and employees. This newsletter

has been compiled in good faith by CBL . Although we do

our very best to present information that is correct and

accurate, we make no warranties, guarantees or

representations about the suitability, reliability, currency or

accuracy of the information we present in this newsletter,

for any purposes.

Subject to any terms implied by law and which cannot be

excluded, we accept no responsibility for any loss,

damage, cost or expense incurred by you as a result of

the use of, or reliance on, any materials and information

appearing in this newsletter. You, the user, accept sole

responsibility and risk associated with the use and results

of the information appearing in this newsletter, and you

agree that we will not be liable for any loss or damage

whatsoever (including through negligence) arising out of,

or in connection with the use of this newsletter. We

recommend that you contact CBL before acting on any

information provided in this newsletter.

Burdekin Cane Auditors—Workplace Coordinators

Site Name Email Phone

Invicta Ray Collinson ray@burdekincaneaudit.com.au 4782 9153

Kalamia Vicki Lewis vicki@burdekincaneaudit.com.au 4783 0319

Pioneer Geraldine Cantarella geraldine@burdekincaneaudit.com.au 4782 5346

Inkerman Mark Saunders mark@burdekincaneaudit.com.au 4782 1020

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