Simon Hood
Wilmar Manager Grower Marketing
This week we released our first look at the comparative pool performances for the 2024 season.
Our quarterly Pool Performance and Comparative Outcomes report enables growers to compare our results and associated marketing fees with those of our competitor, QSL.
The latest report, published this week, is the first analysis to include 2024 season pricing.
It must be remembered that it is early in the 2024 season and there is much that can change, but the trend of Wilmar pools outperforming continues.
Wilmar’s Production Risk Pool is currently paying more than $20/t IPS than QSL’s Harvest Pool. When combined with the 70 per cent advance payment versus QSL’s 65 per cent for the first four months of the season, the cash flow boost Wilmar growers enjoy is significant.
Looking over a longer timeframe, the three-year analysis indicates that growers who use 70 per cent forward pricing are approximately $1.47/cane tonne better off using Wilmar grower marketing as their GEI exposure manager.
For a 15,000 tonne cane grower this equates to more than $22,000/year in your bank account for the last three years.
The superior returns to growers are achieved by keeping fees and charges low and maximising the premium generated from physical export sales.
This evidence is visible in the detailed breakdown of the Allocation Account performance published on the back page of our quarterly report.
You have until 31 October to finalise your choice for your GEI marketer for the 2025 season.
Remember, if you aren’t priced, you aren’t locked in. To make a change for 2025, contact a member of our Grower Marketing team.
Wilmar’s Production Risk Pool continues to outperform QSL’s Harvest Pool.