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QSL at a glance

Key facts about QSL:

  • Serves the interests of growers and millers for the long-term prosperity of the Queensland sugar industry
  • Provides four key value offerings to members (growers and millers): financing, pricing, marketing and logistics
  • Owned by its members so net sale proceeds are returned to industry
  • Handles approximately 3.5 million tonnes of raw sugar in a typical year through its management of Queensland's six sugar terminals

Value offerings:

  • Financing: Providing low-cost financing through advance payments to members
  • Pricing: Providing knowledge, expertise and experience in managing futures markets
  • Marketing: Maximising returns through optimising sales timing and customer premiums
  • Logistics: Safe and efficient storage, handling and shipping of raw sugar

Company structure:

  • A public company limited by guarantee, incorporated under the Corporations Act 2001
  • Employs around 160 people, approximately 120 based in regional Queensland
  • Governed by an independent Board of Directors
  • Has 30 members which represent the sugar industry – seven sugar mill owners and 23 grower representative members (including two industry association representatives)

Shipping and logistics:

  • Operates six Bulk Sugar Terminals at Cairns, Mourilyan, Townsville, Lucinda, Mackay and Bundaberg
  • Terminals are managed under a Strategic Operating Agreement with Sugar Terminals Limited
  • Receives and processes a program of around 45,000 truck and 2,300 rail deliveries of raw sugar into terminals in a typical year
  • Loads approximately 100 ships each year.
  • Key export markets include South Korea, Indonesia, Japan, Malaysia, China, and Taiwan
  • Some quota sales made to the United States

Company history:

1923: Sugar Board established
1991: Queensland Sugar Corporation (QSC) established as a statutory authority
2000: QSL established to replace QSC as the exclusive marketer of Queensland raw sugar;
Ownership of export terminals moved to Sugar Terminals Ltd
2006: Statutory restrictions on sugar marketing removed; QSL operates based on voluntary contracts with millers
2009: Independent Board of Directors starts at QSL