1st July 2013 Queensland Sugar Limited (QSL) is pleased to announce that all six current milling partners have agreed to rollover their existing Raw Sugar Supply Agreements (RSSA) with QSL which will see them supply raw sugar until at least the end of the 2016 season (30 June 2017).
QSL Chief Executive Officer and Managing Director Greg Beashel said RSSAs are the supply contracts which allow QSL to pool raw sugar from Millers and market it for export. Millers contract to supply raw sugar to QSL on a rolling three‐year basis.
“We are very pleased these six clients have confirmed their choice to continue partnering with QSL and I thank them for their continued support,” said Mr Beashel.
“There is strong demand for Australian raw sugar in the Asian region and our focus is on continuing to maximise returns for all our members through our value‐adding activities in pricing, financing, marketing and logistics.”