A grower who forward priced over the last 10 years is, on average, $19.06 per IPS tonne of sugar better off than a grower who only priced in-season through the Short Term Pool.
Forward pricing vs Short Term Pool—10 seasons (2008 season to 2017 season)
|$/t IPS||Forward pricing||
Short Term Pool
|10 Year Average||444.28||425.22||19.06|
Mackay growers were the first in Australia to be able to individually forward price, and have had access to innovative and flexible forward pricing arrangements for more than 15 years.
Our forward pricing (also known as Long Term Banded Pricing or LTBP) options are flexible & simple for you to manage. We don’t require you to work out contract expiries or price in specific amounts. Features include:
- Price up to three seasons ahead of the current season, within limits of 60% of 2020, 50% of 2021 & 40% of 2022 Season GEI Sugar.
- Sugar is committed for the relevant season once it is priced. Until then, you can add or remove tonnage.
- Sugar not priced during the pricing period for the relevant season becomes in-season tonnage
- Let QCS manage the pricing & marketing decisions for you or control your own pricing outcomes.
FIND OUT MORE
If you’d like to know more, please contact QCS Grower Services Officer Arthur Douglas on 0447 534 791 or via email.