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QSL secures long term Korean contract

QSL extends long-term Korean partnership

Thursday, 22 December 2016

South Korea will continue being one of Queensland Sugar Limited’s largest export markets following the successful negotiation of an extension to its long-term supply contract (LTC) with the country’s three raw sugar refiners.

The three-year agreement between QSL and CJ Corporation, Samyang Corporation and TS Corporation is similar to the Korean refiners’ existing LTC with QSL, and will be ratified early next year.

QSL’s General Manager Trading and Risk Dougall Lodge said the agreement was a very positive and rewarding one for QSL and the Queensland millers and growers it represents.

“This contract proves QSL’s relationship with one of our premium international customers continues to go from strength to strength, building on a very successful 40-year commercial partnership,” Mr Lodge said.

“It is a vote of confidence for QSL and means the Queensland cane farming families and millers we represent will continue to benefit from the strong returns the Korean market currently provides.”

Bonsucro News

Dear Bonsucro Australian Stakeholders,

Smartcane BMP has achieved full alignment with the Bonsucro Production Standard after a formal benchmark. This is a significant step in collaborating towards a more professional, successful and responsible sugarcane sector in Australia. This communication explains why, and the next steps Bonsucro foresees in 2017.

On December 6, 2016, Bonsucro and Canegrowers announced that Smartcane BMP has been benchmarked against the Bonsucro Production Standard as being fully aligned. Both organisations have welcomed this step as an evolution in their relationship in working towards a shared vision of making sugarcane cultivation more sustainable.

Bonsucro published an announcement to explain what this achievement means in practice. In response, we received a number of inquiries from our Australian stakeholder community, and we would like to use this opportunity to provide further clarification on the benchmark.

Smartcane BMP is the second improvement scheme that has formally achieved a benchmarked status against the Bonsucro production Standard. A comparison of the two schemes reveals that they are fully aligned at the level of the Bonsucro core indicators, and have > 80% alignment in overall indicators. This indicates that both schemes can largely be used to work to similar outcomes.

The formal benchmark of Smartcane BMP is a critical step in working towards the endorsement of Smartcane as a Local Improvement Programme. Bonsucro is currently designing the requirements for improvement programmes to be endorsed with the objective to conclude them by April 2017. Once finalised, Bonsucro would welcome an application by Smartcane to engage in a process that may lead to endorsement of the program.

Another outcome of the benchmark process is a renewed commitment by Bonsucro to work with Smartcane and others to seek further evidence-based improvements associated with  critical issues related to Australian sugarcane farming: water quality and “Reef Safe” practices. Bonsucro aims to work with existing local processes or initiate such an effort in early 2017, and welcomes support end engagement from all relevant stakeholders. read more

Wishing you and your family a safe and happy Holiday Season and a prosperous 2017. Thank you for your support during the past year. Please be advised that QSL’s Brisbane office will be closed from 5pm Friday 23 December 2016 until 8.30am Monday 9 January 2017. Growers requiring assistance during this period should contact their local QSL Grower Services Team Member. You can find their contact details by clicking here. December 22, 2016December 22, 2016 Kalagro Thursday, 22 December 2016 The October 2016 contract settled at: 18.20 US c/b The Australian Dollar currently trades at: 72.38 US cents. Forward indicative prices in Australian dollars are: $550 for 2016 season $541 for 2017 season $519 for 2018 season $501 for 2019 season Proudly brought to you by Kalagro. What A Sweet Life Magazine December 22, 2016 Kalagro What a Sweet Life Magazine – December Edition 2016 (click to view full size) Kalagro Daily Fuel Price December 22, 2016 Kalagro Price effective Friday, 23rd December 2016 DIESEL – $1.14263 UNLEADED – $1.18678 To place orders, please contact the Kalamia Cane Growers office. Pre-orders for fuel required during our office closure period to be placed by Friday, 23rd December 2016 with the Kalamia office.