2021 Season

2021 Season pool prices
at 30 September 2021
AUD IPS t
QCS Short Term Pool 514.29   
QCS Shared Pool 1,609.08   

Short Term Pool price

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

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
 30 September 2021
AUD IPS t
 US Quota pricing 813.58   
QCS costs +16.52   

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.

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 pool price because of the relatively small quantity of sugar to which they are applied (the US Quota tonnes) compared to the overall tonnes of sugar marketed each season.

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