qsl media release - Japan FTA good news for QLD sugar in 2015
Queensland’s leading sugar marketer, Queensland Sugar Limited (QSL), said it hopes the start of the Australian-Japan Economic Partnership Agreement next month will allow for more exports of Queensland sugar into Japan.
The last fortnight has been rather up and down and within a fairly narrow range in the raw sugar market. The prompt contract initially lost ground over the first few sessions before a mini-recovery brought it back to near unchanged, but the final couple of sessions last week saw prices dip lower again as the technical picture crumbled. MAR15 eventually ended the period 61 points lower at 14.98 while MAY15 and JUL15 gave up 58 and 51 points respectively. As such the spreads have widened slightly but will likely hold relatively steady with a couple of months still to go until the March expiry.
Qsl media release - QSL says government intervention vital
Queensland’s sugar marketing arrangements have suffered a market failure and need government intervention now, Queensland Sugar Limited Chief Executive Officer Greg Beashel said today.
QSL’s deep concerns for the future of the Queensland sugar industry and its 4000 growers were outlined in a supplementary submission which has now been published by the Senate Committee Inquiry into Australia’s sugar marketing arrangements.
QSL Market Update
Listen to the latest QSL sugar and currency market update by QSL's Liquidity Manager Ginette Barrett. Please note this is current as of 8 December 2014
QSL welcomes Federal sugar marketing taskforce
Queensland Sugar Limited (QSL) has welcomed the announcement that the Federal Government will establish a special taskforce to investigate a potential marketing Code of Conduct to address competition concerns in the Australian sugar industry.
Global Sugar Alliance media release
The world’s leading cane sugar exporters are appealing to world leaders to take decisive action to improve global trade in sugar. The Global Sugar Alliance, met in London this week reaffirming its commitment to improving the world sugar trading environment.
QSL Market update
Aside from Friday night which saw the raw sugar market fall by 50 points, the past fortnight has been a rather quiet and turgid affair. For the first eight sessions prices settled over a very narrow range in the prompt contract (15.71 to 16.12) before eventually closing the period 31 points lower at 15.69 c/lb. MAY15 similarly closed 26 points down at 15.96, leaving the MAR/MAY spread slightly narrower at -27 points.
QSl market update
Listen to the latest QSL sugar and currency market update by QSL Treasurer Stephen Stone. Please note that this is current as of 28 October 2014.
qsl Market update
Read the latest QSL Update by QSL's Industry Relationship Managers, Carla Keith and Cathy Kelly
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QSL Market Update
Read the latest Market Update by QSL Executive Manager, Risk Management, Stephen Stone
QSL Market Update
The past fortnight has been a bit of a rollercoaster affair in the raw sugar market. We have seen prices swing from life-of-contract lows made in week one to rather surprising rally highs on Tuesday last week before eventually ending up more or less where they started the fortnight. MAR15 closed the period 14 points lower at 15.90c/lb, while MAY15 closed at 16.22c/lb, leaving the MAR/MAY spread at -32 points.