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Pool Price Matrices - 2019 Season

Friday, 07 June 2019

As at 31 May 2019 

The below matrices should be read with caution and should not be interpreted as being a forecast by Queensland Sugar Limited.

The World market price indicator for each Pool represents the weighted average market valuation of unpriced sugar, based on our current expectation of the tonnages yet to be priced against particular future delivery months for the Pool. The prices for each pool differ due to the different amount tonnages that may be unpriced in each Pool respectively.

These Gross Prices are prior to the allocation from the Shared Pool. The final pool return will be net of the Shared Pool element.

QSL Harvest Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $393 Gross per IPS tonne.

The Pool is approximately 19% priced in terms of sugar price (ICE) and 23% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

QSL Actively Managed Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $397 Gross per IPS tonne.

The Pool is approximately 6% priced in terms of sugar price (ICE) and 15% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

QSL Guaranteed Floor Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $387 Gross per IPS tonne.

The Pool is approximately 100% priced in terms of sugar price (ICE) and 100% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

The Pool has a guaranteed floor of approximately $397.50 per tonne actual (A$383.41 per tonne IPS). It participates to 50% of values above the floor.

QSL Early Start Actively Managed Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $402 Gross per IPS tonne.

The Pool is approximately 17% priced in terms of sugar price (ICE) and 34% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

QSL 2-Season Forward Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $401 Gross per IPS tonne.

The Pool is approximately 44% priced in terms of sugar price (ICE) and 65% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

QSL US Quota Pool Matrix 2019 Season

The value of this pool (priced and unpriced) is currently $818 Gross per IPS tonne.

The Pool is approximately 0% priced in terms of sugar price (ICE) and 15% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 16) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.

QSL 2-Season Forward Pool Matrix 2020 Season

The value of this pool (priced and unpriced) is currently $432 Gross per IPS tonne.

The Pool is approximately 0% priced in terms of sugar price (ICE) and 9% in terms of currency (AUD/USD).

Future movements in the US c/lb sugar price (ICE 11) and AUD/USD will change the final value of this pool.  The change in value may be broadly as shown above, however will also be impacted by QSL’s actions and pricing activities as the market moves.