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2020-Season wrap up
QSL has now made its final Advance payments for the 2020 Season,
incorporating a record +$31/tonne QSL Shared Pool result. The
February 2020 Guaranteed Floor Pool emerged as QSL’s
best-performing ICE 11 pool for the season, returning $493/t IPS
net, while the US Quota Pool, priced on the ICE 16 and
automatically allocated to all QSL growers, returned $702/t IPS
net. Click here to see our full 2020-Season pool
results.
The highest grower-managed pricing achieved for the 2020 Season
was $497/t gross actual in the Target Price Contract, with $456/t
gross actual the weighted average price achieved for the season
in this popular pricing option. QSL General Manager Marketing
Mark Hampson said the 2020 Shared Pool result was a record for
QSL and reflected the high physical sales premiums available for
Australian raw sugar last year, following a significant drop in
production out of Thailand, one of our nation’s largest sugar
competitors. Click here to read more
Transaction summaries
QSL Direct growers are reminded that they can find a handy
summary of all their QSL transactions for the last financial year
within the Financial
Reports section of their QSL Direct accounts.
Quarterly and Annual Grower Account Statements are provided for
each season you have marketed with QSL.
QSL video market update
Didn't catch our latest video market update last Wednesday? This
4-minute overview from QSL Senior Manager of Marketing and
Logistics Andrew Phipps provides a great snapshot of what's been
happening on the global sugar market. Watch it now by clicking here.
Manage account viewers via our App
Need to remove, add or update Authorised Viewer details for your
QSL Direct account? Pricing Managers can now do this via their
QSL App. Just open your QSL Direct account and click on the
More... tab to access the Change Requests section. Don't
have the app? It's free to download from the App Store (Apple
devices) and Google Play Store (Android devices). Click here to watch our quick guide to getting you
started.
Tax time reminder
QSL growers in Wilmar milling districts are reminded that our new
GST arrangments came into effect from 1 July 2021. As a result,
our previous tax treatment applies for any 2020 and 2021-Season
QSL payment made in the last financial year. Remember, the simple
rule of thumb is:
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- Old Statement
Format = Old GST Treatment
- New Statement
Format = New GST Treatment
For further information, click here to read our handy statement guide, or contact your local QSL team.
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