2021 Season Pool Terms
QCS is offering the following pools in the 2021 Season. You can access the detailed pool terms by clicking on the relevant pool name below.
- ‘QCS to Decide’ forward pricing. Growers can nominate GEI Sugar to ‘QCS to Decide’ pricing for up to three seasons ahead of the current season. QCS makes the pricing and marketing decisions for sugar nominated to this option.
- GIPO forward pricing. Growers who would like to control their own pricing, and the freedom to place orders ‘any time, any place’ via the Pricing Portal, can nominate a percentage of their available tonnage for the relevant season, and select one or more pricing levels (in $10 ‘bands’ or increments) at which they would like their GEI sugar to be priced.
QCS’ in-season pricing options are:
- the Short Term Pool. The Short Term Pool is the default in-season pricing pool managed by QCS. It is managed by QCS as a single pool, but the pool may include a range of pricing mechanisms, based on the QCS view of the market for a particular season. Production risk is managed within the structure of the Short Term Pool, and growers are note required to commit a percentage of their in-season production to a separate production risk pool.
- Grower-Managed In-Season Pricing. This is a new in-season pool for growers who want to manage their own in-season price risk. You can find out more about Grower-Managed In-Season Pricing, including the eligibility requirements, by contacting Grower Services Officer Arthur Douglas on 0447 534 791 or via email.
Under the cane supply agreement between Mackay growers and Mackay Sugar, a Shared Pool component (US Quota pricing plus/less QCS revenues and expenses) is applied to approximately three per cent of in-season tonnage.
A number of the terms used in the pool terms are detailed in the definitions.
If you have any questions about the pool terms, please contact QCS Grower Services Officer Arthur Douglas on 0447 534 791 or via email.