GROWER-MANAGED
Your Trusted Partner
Want to try your hand at forward pricing, but only before the season starts? Our Defaulting
Target Price Contract lets you set your own pricing targets up to 3 years in advance, with
any unfilled orders automatically defaulting to the Harvest Pool in April before the crush.
Just like our popular Target Price Contract, you decide what pricing levels you’d like to target for up to 70%
of your GEI Sugar each season, and can move your targets up and down until they are filled. Any targets
which remain unfilled after 15 April in the year of delivery are automatically cancelled and the tonnes moved
to the QSL Harvest Pool.
QSL DEFAULTING TARGET
PRICE CONTRACT OVERVIEW
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KEY DATES – 2024 SEASON
15 April 2024 2024-Season Pricing Completion Date. Any unpriced tonnage remaining after this date
will default to the 2024 Harvest Pool.
HOW IT WORKS
NOMINATIONS
You can set a pricing target (known as an order) up to three seasons in
advance without a nomination up until the Pricing Declaration Date of
15 April in the year of delivery.
THE PRICING PROCESS
Each pricing target and its associated tonnage is known as an order.
You place an order, setting the target price and the amount of sugar you
want priced at that target. If the market meets or exceeds your target
price, the tonnage is priced at the rate achieved and the order is ‘filled’.
Regardless of what the market subsequently does, the gross price
achieved for that sugar will not change. Any unfilled orders remaining
after 15 April in the year of delivery will be cancelled and any unpriced
tonnage will default to the QSL Harvest Pool.
RETURNS
Sugar priced using the Defaulting Target Price Contract has its gross
value set by the target price you achieved. For example, if you place an
order for 50 tonnes with a target of $450 and achieve this, 50 tonnes
of your GEI Sugar will be valued at A$450/tonne gross. This gross price
will subsequently be converted to an IPS value for payment. There are
no fees to use this grower-managed pricing option, with the standard
QSL Shared Pool allocation applied to every tonne you price.
AT A GLANCE
Set your own pricing
targets up to 3 seasons
in advance.
Nominations and pricing orders
must be a minimum or multiple of
10 tonnes.
Pricing targets are in gross Australian
dollars and $5 increments (e.g. $405,
$410, $415).
Targets can be changed up until your
order is filled.
Unfilled orders can be cancelled at
any time.
Any unfilled orders remaining after
15 April in the year of delivery will be
cancelled by QSL and any unpriced
tonnage will default to the QSL
Harvest Pool.
Current as of 3 October 2023.
THE PRICING PROCESS
PLACING ORDERS: Growers using QSL Direct can place
a Defaulting Target Price Contract order via their online
account or the QSL App. All other QSL growers must
complete the paperwork provided by their miller. New
orders must be received by 3pm on any business day to
be actioned for the next trading session. Orders remain in
place until the target is met or the Pricing Completion Date
is reached, after which time they are cancelled and any
unpriced tonnage defaults to the QSL Harvest Pool.
CHANGING ORDERS: You can change your unfilled orders
at any time up until the Pricing Completion Date for the
applicable season. Changes to any order must be received
by QSL prior to 3pm on any business day in order to be
actioned for the next trading session.
CANCELLING ORDERS: You can cancel unfilled orders at
any time. Any unfilled orders remaining after the Pricing
Completion Date will be cancelled by QSL and any unpriced
tonnage will default to the QSL Harvest Pool.
ROLLING: Rolling is not available for this product.
ACCELERATED ADVANCES: Growers can elect to receive
Accelerated Advances for any pricing completed via this
product.
COMMITTED PRICING: This is a committed pricing
product. Your GEI Sugar deliveries will be used to meet
your committed pricing obligations first, with your Harvest
Pool allocation adjusted to reflect any variations between
your original estimate and actual production. Should your
Harvest Pool tonnage not completely cover any in-season
production reduction, QSL will work with you to find the
lowest-cost solution for your pricing choices in the available
market conditions using options such as transferring tonnes
between ABNs, washing out pricing, or rolling it forward to
the next season.
For more information about the QSL Defaulting Target Price
Contract, please read this product’s full Pricing Pool Terms,
available from your local QSL representative or online at
www.qsl.com.au.
DISCLAIMER: This document contains information of a
general or summary nature. Before making pricing
decisions you should read the full Pricing Pool Terms at
www.qsl.com.au. While all care is taken in the preparation of
this document, the reliability, accuracy or completeness of
the information provided in the document is not guaranteed.
It does not constitute financial product or investment advice,
nor does it constitute a recommendation to invest in the pool
described above or an offer or invitation with respect to any
of the QSL pools. QSL does not accept any responsibility
to any person for the decisions and actions taken by that
person with respect to any of the information contained in
this document.
FURTHER INFORMATION
For more information contact:
Queensland Sugar Limited
Level 12 348 Edward Street Brisbane QLD 4000
GPO Box 891 Brisbane QLD 4001
2020 QSL TARGET PRICE CONTRACT
QSL DEFAULTING TARGET PRICE CONTRACT OVERVIEW
Your Trusted Partner
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