QSL Weekly Update

QSL Weekly Update – ending Friday, 10th August 2018

Welcome to your weekly overview of key QSL news and information.

Greg joins the QSL team
Greg Watson has joined the QSL Grower Services Team as Grower Relationship Manager for our Burdekin and Herbert River offices.
Click here to learn more


Tully sampling mill launched 
QSL was a proud sponsor of the official launch of the Tully Variety Management Group’s new CCS sampling mill this week. The event, led by the group’s Chair Greg Shannon and attended by more than 70 local growers, was the highlight of an early-season variety selection information session held at Peter Jackson’s farm at Murrigal. Built locally with help and consultation from Peter, the mill is currently only being used in trial plots but it’s hoped it will soon be available to growers to sample their cane before harvest. For more information, please contact the Tully Variety Management Group.
Advances rate increase this month
The Standard QSL Advances rate for the 2018 Season will increase to 65% from 22 August 2018, with payments based on indicative QSL pool values as of 27 July 2018.
Click here to see the full indicative 2018-Season Advances program
2020-Season pricing for Tully Sugar Growers
After a request from QSL and as per the terms of our On-Supply Agreement, Tully Sugar has amended their interim forward pricing agreement so that Tully Growers can now price with QSL into the 2020 Season. QSL recommends that interested growers contact their bargaining agent to ensure they understand the terms and conditions of the interim pricing agreement, including any fees applied by their Miller. Growers who choose QSL as their Marketer for the 2020 Season can use both the QSL Target Price Pool and QSL Individual Futures Contract Pool for grower-managed pricing during the 2020 Season.
Please click here for details of these QSL pricing products

Current indicative pool prices
QSL’s 2018-Season indicative pool values were updated this week. To access the latest prices and Shared Pool applicable to your milling district, please click on the relevant link below: read more

QSL Weekly Update

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. read more