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Cash flow for Prossie Wilmar growers

PRE-SEASON: Wilmar Sugar is offering advance payments at a competitive fixed interest rate.
PRE-SEASON: Wilmar Sugar is offering advance payments at a competitive fixed interest rate. Peter Carruthers

WILMAR Sugar is offering an exclusive advance payment option, which gives growers a cash injection well before the crush at a competitive fixed interest rate of 3.50 per cent.

Wilmar announced the interest rate for its pre-season payment this week, when nominations opened for the 2018 season.

Grower pricing officer Simon Haire said pre-season payment was introduced in 2017 in response to grower feedback.

"With our pre-season payment option, growers can receive payment in March for up to $5 a tonne of cane at a competitive fixed interest rate of 3.50 per cent,” Mr Haire said.

He said it was designed to put money in growers' hands before the crush, often when they needed it most.

Payments for 2018 will be distributed on March 15 and then recovered as a priority from growers' payments once they start delivering cane in 2018.

Growers who choose Wilmar as their marketer for the 2018 season can nominate for pre-season payment via Wilmar's GrowerWeb. Nominations close on 28 February.

Payment in grower education sessions will be held on Friday February 16, phone Mr Haire on 0437803019 for more information.

Topics:  growers proserpine wilmar sugar

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