• QCS: A focus on maximising returns

    QCS focuses on maximising returns to growers and the mill because what goes in your back pocket is the most important contributor to the success of your business. QCS' 2017 Season weighted average net pool price for ICE 11 managed pools was around $45 per IPS tonne of sugar more than QSL's pool price, which equates to an extra $5.50 per tonne of cane for Mackay growers.* QCS has accepted QSL’s stated basis for calculating its weighted average net pool price and calculated the QCS return on the same basis...
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  • Comparing 2017 Season performance: QCS and QSL

    2017 Season weighted average net pool price for ICE 11 managed pools ($ per IPS tonne) QCS 457.85 QSL 414.56 In a recent Australian Canegrower magazine article, QSL published its 2017 Season weighted average net pool price for ICE 11 managed pools. US Quota returns were not included in that figure, as the US Quota is an ICE 16 pool. QSL’s Shared Pool return was included in the return. QCS has calculated its 2017 in-season pricing return on the same basis, so that you can directly co...
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  • QCS Brisbane office

    QCS’ Brisbane office will be relocating to Level 5, 444 Queen Street from Monday 2 July. Earlier this year, QCS was asked to vacate its current office in order for the building to be demolished to make way for a new development. QCS' new office on Level 5 of Trustee House is located across the road from Customs House. Growers visiting Brisbane are always welcome to drop in to the QCS office at any time for a coffee and a chat about pricing. The QCS office will not be open for visitors this Thursday an...
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  • Farewell Harry Bonanno

    The Australian sugar industry has farewelled one of its greats, with the death of Harry Bonnano last week, aged 88. Harry Rosario Bonanno was honoured at a service in Childers on 11 April 2018 by family, friends, community and the industry he served for almost four decades. Mr Bonanno was Chairman of Isis Canegrowers for 28 years between 1973–2001 and led the Queensland Canegrowers Organisation for 12 years from 1989–2001. He was a strong and passionate advocate for canegrowers and the sugar industry thr...
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  • Mackay growers’ pricing in good hands

    Mackay growers' in-season pricing is in very good shape, with QCS’ pricing performance over the season being substantially better than other marketers’ published results. That's the key message from 'shed meetings' held over the last few weeks, at which QCS updated Mackay growers on their 2017 season pricing. The QCS pricing team is always happy to talk with you about in-season and/or forward pricing, so please feel free to call Steve or Shaun on 1800 774 246 – or send us an email and we’ll be in t...
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  • QCS shed meetings coming up

    QCS will be holding its first 2018 shed meetings in the Mackay region next week. At the meetings, General Manager Brent Casey and Executive Manager Risk Steve Stone will give an update on QCS’ pooling performance, provide a market outlook and answer any questions you might have. The following growers have generously agreed to host the shed meetings (which usually last around two hours): Monday 12 February 10.00am Tony Bugeja 2.00pm Joe Muscat Tuesday 13 February 10.00am Andre Camilleri 2.00pm Grah...
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  • QCS Christmas office closure

    The QCS offices in Brisbane and Mackay will be closed for a break over the Christmas and New Year period. We will be closed from Monday 25 December 2017, opening again on Monday 8 January 2018. You can still call us on 1800 774 246 during the Christmas/New Year break. We would like to wish everyone a safe and happy Christmas and New Year, and we look forward to talking with you about raw sugar pricing and marketing during shed meetings in 2018. We’ll be in touch again in mid January with the dates and times...
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  • In-season pricing returns explained

    The 2017 season is in full swing and pricing is naturally on growers’ minds. Here’s a quick ‘refresher’ on how your in-season returns are calculated. The final return that Mackay growers* receive for the 2017 Season is a combination of: the QCS Short Term Pool price, which combines QCS and QSL managed pools a Shared Pool component individual forward pricing completed (if any). Movement over the season in sugar and currency markets impacts the value of pools, and pool returns are not final u...
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  • Weekly Market Report 8 August 2017 8 August 2017

    SUGAR:

    • A run at 15 USc/lb was rejected this week as the market fell on lighter volume.
    • Ethanol parity rose slightly over the week, whilst dryness and uneven rainfall in India caused some concern.
    • The Indian government is considering another change to its import tariff, which may allow 300–500kt to be imported at 25 per cent of the duty.

    AUD:

    • USD bounced back following a decent US payroll print on Friday night.
    • Gradually weaker on the week, the AUD maintained a USD 0.7900 handle, despite a dip below 0.7900 following US payrolls.
    • The RBA left rates on hold as expected, though explaining that a higher currency would see a slower pick up in economic activity and inflation going forward.
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  • Weekly Market Report 2 August 2017 2 August 2017

    Sugar

    • A quiet week for raw sugar futures, trading over a 90-point range to finish largely unchanged.
    • Weather remains dry in Brazil with some rain forecast later this week. The monsoon in India continues.

    AUD

    • The USD remains on the back foot, following political uncertainty and mixed economic data last week.
    • The AUD took its opportunity above 80 cents tracking to an USD 0.8066 high before closing the week near USD 0.7985.
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