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Final 2020-Season Advance payment: The final QSL Advance payment for the 2020 Season
will be made in the week commencing 19 July. This payment will be
made as a separate transaction in addition to any 2021-Season
Advance payments growers may receive that same week. The final
2020-Season payment represents a 2% increase on the June 2021
payment. The current 2021-Season Advance rate is 65%. Click here to see the full 2021-Season Indicative
Advances Program.
First 2021-Season sugar shipped: QSL has dispatched its first shipment of sugar from
the current harvest. The cargo of 42,000 tonnes of raw sugar from
the Burdekin was shipped on the Pacific Integrity out of
Townsville for a refinery customer in South Korea. QSL
General Manager Marketing Mark Hampson said South Korea was one
of Australia’s largest raw sugar markets, and had been one of
QSL’s key customers for nearly 50 years. “While we’ve had
other shipments this year, those previous cargos delivered sugar
produced last season,” he said. “Queensland’s sugar is in high
demand, so this first 2021-Season shipment marks the start of
very a busy shipping program which will stretch through until
mid-next year, with exports already planned for refining
customers in South Korea, Indonesia, Japan and the USA.”
Additional tonnage now available: As of 1 July 2021, QSL growers can access
additional GEI tonnage to price in the 2023 and 2024 Seasons,
with committed pricing levels now as follows:
To access QSL pricing, you must first have a GEI
Sugar Marketing nomination in place for the season in question.
See your local QSL team for details or help with the nomination
process.
New GST arrangements – Wilmar districts: QSL's new simplified GST arrangements for our
growers in Wilmar milling districts are now in
place. The change is part of a wider program of payment
improvements, including more concise,
user-friendly statements, and payment information and
notifications available via the QSL App.
Under the new GST arrangements, QSL will now apply GST
to QSL transactions and issue an RCTI/Tax Invoice for payments
for our growers in Wilmar milling districts. This enables these
growers to now enter their QSL sugar income, expenses
and GST information into their bookwork just like any other RCTI,
and distribute their GST more evenly through the year. Your local
QSL team is available to answer any questions you may have
regarding these improvements. You can also find more details by clicking here.
New QSL App features released: QSL Direct Pricing Managers can now add and remove
Authorised Viewers on their account and change the account's
Pricing Manager through the QSL App. To access these new
features, update your QSL App today. You'll then find the new
Change Requests section under the MORE... tab for each ABN.
QSL video market update: Keen to know what's happening with the sugar market?
Watch the latest video update from Matt Page, QSL Senior
Manager Treasury and Risk, by clicking here.
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