The signing of an On-Supply Agreement (OSA) between QSL and MSF Sugar has enabled growers with a Cane Supply Agreement with MSF Sugar to choose QSL as the marketer of their Grower Economic Interest in sugar (GEI Sugar) and access QSL’s pricing products for the 2017 Season and beyond.
This is a clear confirmation that the Sugar Industry (Real Choice in Marketing) Amendment Act 2015 is a successful and workable legislation.
While the act was being drafted, its opponents said that it could not be done and that it was unworkable. Since that time, opponents of the legislation have waged a negative and determined campaign to overturn the legislation.
The Queensland sugar industry, as we know it, has been built on the premise that growers and millers share the risks and the rewards from the growing of sugarcane and the manufacture of raw sugar. This model has stood the test of time and has delivered the most important factors that have contributed to the establishment and growth of our industry; transparency and confidence.
As a producer-marketer, the Queensland industry has relied on QSL, the industry owned marketer, to transparently deliver a trusted outcome via a contestable market. This model delivers confidence to growers which in turn incentivises them to further invest in their farm businesses and the future of our industry.
‘I congratulate QSL and MSF sugar for coming together to create a win/win for growers, MSF Sugar & QSL,’ said Don Murday, Chairman of Australian Canefarmers.
Don Murday 0418 774 499