Simon Hood
Wilmar Manager Grower Marketing
As you know, October 31 marked the close of marketing nominations for the 2025 season.
With the dust now settled, we have registered a pleasing increase in the number of growers and GEI tonnes nominated through to Wilmar Grower Marketing in our milling regions.
A common theme with growers who nominated us is the financial benefits Wilmar has delivered over the last few seasons.
Wilmar’s Production Risk Pool continues to outperform QSL’s Harvest Pool, and the Allocation Account is adding a significant premium to the forward price that growers lock in through the Target price mechanism.
We will continue to work hard to maximise that premium as, being a large grower ourselves, it has a direct impact on our financial return.
Other positive commentary from growers relates to the work done by our local Grower Marketing consultants. Most of the team have direct agricultural backgrounds, so have an affinity with the challenges growers face each day. Their willingness to go over and above on a personal level, and their passion to see our growers succeed financially, means very few growers choose to leave Wilmar marketing.
Another pleasing result was the interest shown in our new Managed Pool Plus. The launch of this product for the 2025 season was in direct response to feedback regarding sugar price volatility.
The last 24 months have seen some big swings in sugar prices. Many growers who like the control of forward pricing are fatigued by the market gyrations. By laying off some of that control into the Managed Pool Plus, they get the benefit of having longer-term price management without the worry of having to watch the market on a day-to-day basis. Additionally, the concept of having access to the pool manager on a quarterly basis through a webinar format, provides further education around price risk management.
Again, thank you to all growers who chose Wilmar to manage their GEI price exposure for the 2025 season. Our team will work hard to ensure your trust is repaid.
Proserpine Grower Marketing Consultant Shirley Norris with Grower Marketing Manager Simon Hood.
Publishers Indemnity. Any individual or entity that places advertising, supplies copy material, or submits editorial content to Core Life Publishing agrees and undertakes to ensure that all such material:- Does not infringe upon any copyright, trademark, or other intellectual property rights;- Is free from any content that could be considered defamatory, libelous, or slanderous;- Does not infringe upon any rights related to privacy or breach of confidence;- Contains no obscene, indecent, or otherwise unlawful material;- Complies fully with the Trade Practices Act and all other applicable laws, regulations, or statutes.Furthermore, by submitting or placing such material, these individuals or entities agree to indemnify and hold harmless the publisher, Core Publishing and Events Pty Ltd, and/or its agents from and against any and all investigations, claims, demands, liabilities, damages, costs, or judgments arising out of or in connection with the material provided. All material is believed to be accurate at the time of printing and remains the copyright of Core Publishing and Events Pty Ltd.
© 2024 Mackay and Whitsunday Life Pty Ltd.
