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:
Bundaberg Growers I Isis Sugar Growers I Mackay Sugar Growers
MSF Sugar Growers I Tully Sugar Growers I Wilmar Growers
2017 Pool Results
QSL’s 2017-Season pool activities are now complete, with all applicable costs and earnings for the period finalised and applied to all pools.
Click here for 2017-Season pool values
2021-Season grower-managed pricing
QSL is now accepting grower-managed pricing orders for the 2021 Season. Growers who wish to access this pricing must first ensure that they have both a valid Cane Supply Agreement (CSA) and QSL Marketing Nomination in place for the 2021 Season (please contact your bargaining agent if you are unsure of the current status of your CSA). Unfortunately Mackay Sugar Growers cannot price with QSL for the 2020 or 2021 Seasons until an On-Supply Agreement is in place with their miller.
Click here to read more
Sugar Code of Conduct Review
Time is running out to have your say in the Federal Government’s 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
QSL Market Update
After two weeks of consolidation at contract lows, sugar finally made a break higher at the end of last week, trading back to 11c/lb but unable to close above it. The Oct18 ICE 11 contract closed the week at 10.85c/lb. Meanwhile, it was another uneventful week for the Aussie Dollar, which remained trapped inside the range and closed the week at 0.7401.
Read our full Market Update here
Today’s sugar prices
Click here to read our latest Daily Market Snapshot
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