ANNOUNCEMENTS

Queensland Sugar Ltd (QSL) today announced an increase to the upper-end forecast for the 2010 Seasonal Sugar Pool to $475 per tonne IPS. The increase is in line with an accelerated Pool sales program and a recent firming in the global sugar market. It means that QSL is on track to deliver its second-highest Seasonal Pool return ever for the 2010 crop.

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QSL

A leader in raw sugar marketing, QSL (Queensland Sugar Limited) has built an excellent reputation for quality, service and innovation in the Asian sugar market. QSL works on behalf of Australian sugar millers and growers to build sustainable business partnerships with sugar refiners in the Asia-Pacific region. QSL is responsible for more than 90 per cent of Australian sugar exports and grows the value of this sugar by offering a ‘one stop shop’ for international customers, incorporating superior logistics and shipping solutions, a range of product options including other origin sugar and sophisticated risk and financial management solutions.