Sugar price spike benefits NSW growers thanks to forward thinking

By Jamie Brown
April 29 2021 - 7:30pm
NSW sugar cane growers will reap the benefits of careful hedging after Sunshine Sugar's finance controllers took advantage of positive world prices.

Global sugar prices as recorded on the Intercontinental Exchange have leapt past US 17 cents a pound, much more than predicted a year ago due to rising demand while drought affected Thai production will effectively give NSW growers a premium above the ICE 11 price. They can now expect up to $38 a tonne for their cane, 15pc up on previous years.