date:Aug 30, 2018
Far North Queensland canegrower Stephen Calcagno says a bumper season is helping to offset drastically low global raw sugar prices, but it is nowhere near enough to keep the industry sustainable.
With a global raw sugar price of US10c/lb the cane industry is in survival mode, Mr Calcagno said.
To have a sustainable industry we need prices of $400-$420/tonne for raw sugar, about US15c-US17c/lb, Mr Calcagno said.
On top of that we have rising input costs and in particular for irrigators, ever r