Grower choice is now available to growers in the Mackay region—but what should you take into consideration when making your choice of GEI marketer?
The short answer is that you should choose a GEI marketer that you believe will give you the best price for your cane.
The price you receive for your cane is made up of a number of components, including costs and revenues like regional premiums and storage and handling costs. However, the pricing and foreign currency exchange (forex) decisions of your GEI marketer will always make up the overwhelming majority of the final pool price. Here’s an example:
|Marketer A||Marketer B||Marketer C|
|Bottom line return to grower||$442||$414||$398|
In the above example, a grower may be persuaded to choose Marketer B because its costs are the lowest, or they may be persuaded to choose marketer C because it offers a loyalty bonus. However, Marketer A provides a better overall return.
The QCS 2017 Season weighted average net pool price for ICE 11 managed pools was around $45 per IPS tonne of sugar more than that of QSL*.
2017 Season weighted average net pool price
* QSL price as published in the QSL 2017/18 Annual Report (p7)
FIND OUT MORE
Call us for a chat, or read the details of the QCS pooling and pricing options in the QCS 2019 Season Marketing Guide.
Once GEI marketing nominations close on 5 March 2019, you will be able to choose pooling and pricing options for the sugar you have nominated to QCS as a GEI marketer.
Click here to download a copy of this fact sheet.