2021 Season

2021 Season pool prices
at 30 April 2022
AUD IPS t
QCS Short Term Pool 509.30  
QCS Shared Pool 2,013.30  

The QCS Short Term Pool price received by Mackay growers is a weighted average of QCS-managed pools.

The Shared Pool return is generally applied to around 2–3% of QCS-nominated tonnage for the season, depending on US Quota entitlements allocated to QCS.

More about the Shared Pool price

Why is the Shared Pool price so large?

From time to time, typically when the Thai crop is low, Australian sugar receives a significant premium over the ICE No.11 for sales into Asia. These regional premiums are paid through the Shared Pool, where they have a large impact on the Shared Pool price because of the relatively small quantity of sugar to which they are applied  — US Quota tonnes generally make up only 2–3% of total tonnage each season.

Breaking down the Shared Pool price

As per the Mackay Sugar cane supply agreement, the QCS Shared Pool price is a combination of US Quota pricing less QCS costs.

To help you more easily compare GEI marketers, in addition to reporting the Shared Pool price in the way that the cane supply agreement requires, we also break the Shared Pool price down into US Quota pricing and QCS costs. QCS costs can be overall positive or negative, depending on the revenues and expenses for the season. When QCS costs are positive, they increase the net Shared Pool return.

2021 Season Shared Pool breakdown
at
 1 April 2022
AUD IPS t
 US Quota pricing 782.04  
QCS costs +27.45   

It is important to note that the QCS Shared Pool price reported under the cane supply agreement cannot be calculated by adding the US Quota pricing and QCS costs together.

The QCS costs in the table above are for each tonne of sugar marketed by QCS, whereas the US Quota pricing is only applied to the US Quota tonnes, which generally make up about 2–3% of total tonnage.

Forward pricing

The price a grower receives for forward pricing varies, dependent on the grower’s individual pricing decisions. The price is received in the season in which the sugar is produced and delivered, not the season in which it is forward priced.

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