Welcome to your weekly overview of key QSL news and information.
Final 2017-Season QSL Advances payment
QSL’s final Advances payment for the 2017 Season was made today, Friday 20 July 2018. Please note that while this is the date that QSL will pay its milling suppliers and Wilmar Growers, mill and bank processing times may result in later local payment arrangements. Details regarding final pool returns, including Shared Pool results, will be available on the QSL website (www.qsl.com.au) next week.
2018-Season indicative pool prices
QSL’s current 2018-Season indicative pool values are available via the links below:
Bundaberg Growers I Isis Sugar Growers I Mackay Sugar Growers
MSF Sugar Growers I Tully Sugar Growers I Wilmar Growers
Governments urged to act to save sinking sugar price
The Global Sugar Alliance has called on Pakistan, India and the European Union to eliminate the subsidies that have created a glut of sugar and caused a world price collapse. QSL CEO and Global Sugar Alliance Chairman Greg Beashel said Alliance members urged their governments to take all necessary steps to ensure that Pakistan and India comply with World Trade Organization rules before the market is driven to new lows.
Click here to read more
2017 allowance details – Wilmar Growers
Wilmar Growers are advised that their final 2017-Season QSL Advances payment includes amounts passed on from Wilmar covering end-of-season allowances and deductions payable under your Cane Supply Agreements, such as planting and supervision allowances. These transactions will appear as a single line under the ‘Wilmar Transactions’ section on your QSL Statement. For full details of these Wilmar transactions, please refer to your corresponding Wilmar Recipient Created Tax Invoice (RCTI).For further information or support regarding your QSL Statement, contact the QSL Direct team on 1800 870 756 or email [email protected].
Sugar Code of Conduct Review
The Federal Government is currently conducting a review of the Sugar Code of Conduct. The code, which was introduced last year, helps to underpin Marketing Choice within the Queensland sugar industry. Submissions from growers are encouraged and close on 22 August 2018.
Click here for details.
Annual Statement available
Wilmar Growers are reminded that annual statements for the 2017/18 financial year are now available for download through QSL Direct. The statement can be found under the Financial Reports tab and captures all QSL transactions for the ABN concerned for the period of 1 July 2017 through to 30 June 2018.The Quarterly Statement for Q4 2017/2018 is also available for download. For further information or assistance regarding this statement, please contact the QSL Direct Helpline on 1800 870 756 or email [email protected].
Click here to go to QSL Direct.
Burdekin office hours
Burdekin growers are advised that QSL’s Ayr office will have alternative opening hours for the coming week, commencing Monday 23 July. Office hours during this period will be:
Monday 23 July – CLOSED
Tuesday 24 July – CLOSED
Wednesday 25 July – OPEN
Thursday 26 July – OPEN
Friday 27 July – OPEN
During this time any queries should be directed to Burdekin Grower Relationship Officer Rebecca Love on 0429 054 330, or the QSL Direct team on 1800 870 756 / [email protected]. QSL apologies for any inconvenience these temporary changes to office hours may cause and appreciates your patience as we finalise current recruitment efforts and work to return to full local staffing levels as quickly as possible.
QSL Market Update
Last week was a bearish one for sugar trading, with life-of-contract lows across the board and the Oct18 ICE 11 contract closing the period at 10.96 c/lb. The Aussie Dollar traded inside the 0.7500-0.7300 range, closing at 0.7420.
Read our full Market Update here.
Today’s sugar prices
Click here to read our latest Daily Market Snapshot.
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