For the 2020 Season, QCS continues to offer the industry’s most effective and straightforward GEI marketing offer.

We offer growers the ability to combine a simple in-season pricing mechanism with effective use of forward pricing. And you don’t need to worry about managing in-season production risk — QCS takes care of that so you can get on with business.

IN-SEASON PRICING

The QCS in-season pricing options available to growers are the:

  1. Shared Pool; and
  2. Short Term Pool;

Shared Pool

You receive a Shared Pool allocation, which includes a proportional share of the US Quota allocation for Australian sugar. The US Quota has a set participation level (between 2–5%), based on the limited, but generally favourable, ICE 16 futures market contracts available to Australian sugar. The allocation of 2–5% of your GEI estimate to the Shared Pool is compulsory.

You can read the detailed Shared Pool terms here.

Short Term Pool

Your remaining available in-season GEI sugar is allocated to the Short Term Pool for QCS to manage.

The Short Term Pool is an uncommitted pool, meaning that, in most circumstances, there are no consequences if you do not deliver all of the in-season GEI sugar tonnage allocated to this pool.

You can read the detailed Short Term Pool terms here.

FORWARD PRICING

The forward pricing options available to growers through QCS are:

  1. GIPO forward pricing; and
  2. ‘MSL to Decide’ forward pricing.

Grower individual pricing orders (GIPO) forward pricing

If you prefer to manage your own forward pricing outcomes, you can do so via GIPO forward pricing.

You can price available GEI Sugar for up to three seasons ahead of the 2020 season by setting $10 target price bands.

Via GIPO forward pricing, you can price up to:

  • 60% of your 2021 Season estimated GEI production;
  • 50% of your 2022 Season estimated GEI production; and
  • 40% of your 2023 Season estimated GEI production.

GEI sugar allocated to the GIPO forward pricing option becomes committed for the relevant season once it is priced. Until then, you can add or remove tonnage to or from the GIPO forward pricing option. Once priced, you must supply Mackay Sugar with sufficient cane to produce the committed sugar.

You can read the detailed terms for GIPO forward pricing here.

‘MSL to Decide’ forward pricing

If you would like QCS to manage your forward pricing, you can nominate GEI Sugar to ‘MSL to Decide’ forward pricing for up to three seasons ahead of the 2019 Season. QCS will make the pricing and marketing decisions for all GEI Sugar allocated to the ‘MSL to Decide’ forward pricing option.

Via ‘MSL to Decide’ forward pricing, you can price up to:

  • 60% of your 2021 Season estimated GEI production;
  • 50% of your 2022 Season estimated GEI production; and
  • 40% of your 2023 Season estimated GEI production.

GEI sugar allocated to the ‘MSL to Decide’ forward pricing option becomes committed for the relevant season once it is priced. Until then, you can add or remove tonnage to or from the ‘MSL to Decide’ forward pricing option. Once priced, you must supply Mackay Sugar with sufficient cane to produce the committed sugar.

You can read the detailed terms for ‘MSL to Decide’ forward pricing here.

2020 SEASON GEI MARKETING NOMINATIONS

You can read more about the process for 2020 season GEI marketing nominations here.

If you’d like to complete a GEI marketing nomination, please download the form below, complete it and return it to Mackay Sugar via one of the methods on the form:

FIND OUT MORE

If you’d like to know more, please contact QCS Grower Services Officer Arthur Douglas on 0447 534 791 or via .

Login to the Pricing Portal

If QCS is the marketer for all or some of your GEI sugar and you would like to forward price online, please contact us  to arrange access to the Pricing Portal.

Pricing Portal