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Dear Kalamia Members,
 

UPDATE on Agreements

 

This morning your Directors and BDCG met with the QSL Board in Townsville to gain a proper understanding of where QSL is in its negotiation of an On Supply Agreement with Wilmar, this being the critical agreement for QSL to be able to offer itself as a GEI Marketer.

 

They advised they are in continuing discussions with Wilmar, but are not prepared to accept some of the terms Wilmar are proposing. They are considering options if there is no breakthrough in discussions in the near future. These may require some costs to growers to be set against the additional revenue QSL may achieve for growers through their marketing and selling expertise.

 

Your Directors pressed the need for QSL to make its position very clear very soon, not only so growers can make reasonable decisions about Forward Pricing with Wilmar or holding off in the hope of being able to price with QSL, but also so that BDCG can determine what to do in its next negotiations with Wilmar or in any call for arbitration.

 

It was agreed that the next few weeks will be very important for all involved in determining how and when Agreements will occur.

 

Regards,

Administration Team
Kalamia Cane Growers Org Ltd / Kalagro Ltd
Enhancing the productivity and profitability of growers
Po Box 597 Ayr Qld 4807
Tel:  07 4783 1312  Fax: 07 4783 3885

Further Contacts:
David Rutledge - Executive Manager/Company Secretary - 0447 439 446
Robert Malaponte - Chairman - 0419 640 523
Joseph Quagliata - Deputy Chairman - 0417 622 956
Robert Zandonadi - Director - 0428 826 894
Denis Pozzebon - Director - 0427 961 794
Paula Langdon - Director - 0417 077 608

Our emailing address is:
admin@kalagro.com.au


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