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“Wilmar Growers – 2018 Season
Growers who have chosen QSL as their marketer for the 2018 Season now have until 30 April 2018 to finalise their QSL Pricing Nominations for the 2018 Season. Details regarding QSL’s pricing options for the 2018 Season are featured below.
QSL 2018-SEASON PRODUCT RANGE
QSL has made a number of improvements to its pricing products and services for the coming season.
MORE TIME TO MAKE YOUR POOL NOMINATIONS
Following feedback from Growers, QSL has pushed the 2018-Season Pricing Declaration Date back from the traditional deadline of late February to 30 April 2018. This later deadline gives Growers an additional two months to assess how their 2018 crop is shaping up before they have to finalise their nominations to QSL’s pools. Nominations for the 2018-Season QSL-managed pools will be accepted from 1 March 2018, however growers keen to get pricing using the QSL Target Price Pool or QSL Individual Futures Contract Pool can nominate tonnes and start pricing using these grower-managed pricing products at any time.
MORE TIME TO CHANGE YOUR MIND
Growers who have elected to use the QSL Target Price Pool for the 2018 Season but have not achieved their targets, now also have until 30 April 2018 to take up the option to transfer their unfilled orders to other QSL pools. Growers in QSL’s Individual Futures Contract Pool can also transfer unfilled 2018-Season orders from this product to other QSL pools by 30 April 2018, as long as they have not priced any portion of their nominated tonnage.
NEW PRODUCT – EARLY-START ACTIVELY MANAGED POOL
QSL appreciate that their new later Pricing Declaration Date gives the QSL Actively Managed Pool less time to price its nominated tonnage. To counter this and provide an option for growers who’d prefer to keep a longer pricing window, QSL have introduced an additional pool – the QSL Early-Start Actively Managed Pool – which, as its name suggests, starts pricing two months earlier than the standard QSL Actively Managed Pool. To participate in this pool during the 2018 Season, growers just need to make your pool nomination by 28 February 2018. Just like the standard QSL Actively Managed Pool, the QSL Early-Start Actively Managed Pool is an in-season Committed Pool and has a minimum tonnage nomination of 10 metric tonnes.
TWO-SEASON ACTIVELY MANAGED POOL
QSL have also changed the name of the QSL 2-Season Forward Pool to the QSL 2-Season Actively Managed Pool to better describe how the pool operates. Just like the standard QSL Actively Managed Pool, the QSL 2-Season Actively Managed Pool aims to target the best return, with some pre-set price triggers, but has been designed for Growers who seek exposure across multiple seasons. Tonnes are nominated to this pool in the 2018 Season for delivery in the 2019 Season, with pricing undertaken across the 2018 and 2019 Seasons. The minimum tonnage nomination for this pool is 50 tonnes (1 Lot).
For more information about any of the pools mentioned above and the rest of your 2018-Season QSL pricing options, please refer to related document uploaded.”