Wednesday 21 March 2018 by William Arnold Company research

Mackay Sugar update - 16 March 2018

On 14 March 2018, Mackay Sugar released an operational update on its website.

Key points:

  • The pre-season harvest management preparation program is ahead of schedule
  • The initial desktop crop estimate is 4.9 to 5.0m tonnes in the Mackay region. This is lower than previous early estimates of around 5.25m tonnes. The 2017 season yielded approximately 5m tonnes
  • On Mackay operations, “overall maintenance works are tracking slightly under target although the most critical work is still on track”
  • At Mossman, the company states that favourable weather conditions support an improvement on the 2017 crop of 1.1m tonnes. The factory maintenance program is on track
  • On incentive schemes, the Board has approved the Plant Loan Scheme, Secure the Future and Lease Subsidy Scheme for 2018

Read our March update for Mackay Sugar, in which we reiterate our outlook and recommendation on its 7.25% notes due 2019. Read the Mackay Sugar research compendium report*

*​Note this content requires a FIIG wholesale client login.


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