By choosing Wilmar as your GEI marketer, you are choosing to work with a leading global sugar trader. This gives you direct exposure to insights to the world sugar trade backed by in- depth analysis of international supply and demand fundamentals that ultimately determine price outcomes.
For growers who use Call and Target pricing, access to this research and analysis is a comparative advantage when making pricing decisions for forward crops. This is backed up by an experienced and educated Grower Marketing team who can assist you with understanding the nuance of price determinants. A highlight of the marketing year is the presentation from our global sugar traders, Peter Bingham and Neil Foo, who always draw a large crowd to their events.
For growers who prefer to price their GEI exposure through the pooling mechanisms, Wilmar provides a couple of options. The most popular is the Production Risk Pool which allows growers to commit some, or all, of the GEI tonnes without the concern of washouts if they cannot deliver due to unforeseen circumstances.
For the past couple of years, the Production Risk Pool has returned excellent results, outperforming the comparable competitor pool by $40/t IPS. The 2023 season is shaping up the same way with the current forecast price being $913/t IPS. A Managed Pool is also offered that allows growers to participate in the pool that Wilmar uses to market the GEI exposure from their own farms’ production.
Another popular benefit that is widely used by growers who market with us is the Pre-Season Payment. This facility allows growers to receive a pre-payment of the 2024 crush proceeds from mid-January 2024. The standard advance is $5/t of nominated cane tonnes. So, from 10 January 2024, a 20,000 tonne grower can nominate to receive the payment by checking a box on GrowerWeb and 10 days later $100,000 is deposited in their bank account. Interest is currently advised at 5.25% but will be reviewed on December 1, 2023. The facility is repaid as your crush income is generated.
Remember you have a choice of marketers, or you can split your nomination. If you would like to learn more about our pricing and payment options please contact our Grower Marketing consultants, Meghan Wilson on 0437 669 118 or Fiona Villis on 0437 297 978.
Growers who market with Wilmar can tap into a global network of sugar market intelligence. Pictured, from left, are Senior Sugar Trader Neil Foo Zhizhou, Manager Grower Marketing Simon Hood, General Manager Commercial Mark Greenwood, Risk Manager Bevan Patterson and Senior Sugar Trader Peter Bingham
Publishers Indemnity. Any individual or entity that places advertising, supplies copy material, or submits editorial content to Core Life Publishing agrees and undertakes to ensure that all such material:- Does not infringe upon any copyright, trademark, or other intellectual property rights;- Is free from any content that could be considered defamatory, libelous, or slanderous;- Does not infringe upon any rights related to privacy or breach of confidence;- Contains no obscene, indecent, or otherwise unlawful material;- Complies fully with the Trade Practices Act and all other applicable laws, regulations, or statutes.Furthermore, by submitting or placing such material, these individuals or entities agree to indemnify and hold harmless the publisher, Core Publishing and Events Pty Ltd, and/or its agents from and against any and all investigations, claims, demands, liabilities, damages, costs, or judgments arising out of or in connection with the material provided. All material is believed to be accurate at the time of printing and remains the copyright of Core Publishing and Events Pty Ltd.
© 2023 Burdekin Life Pty Ltd.
