Home / Media Releases / Sugar defied COVID to deliver economic boost for Queensland | 15 March 2022

Sugar defied COVID to deliver economic boost for Queensland | 15 March 2022

The Queensland sugar industry’s resilience to the combined impact of COVID-19, poor global sugar prices, international market distortions and adverse weather has been confirmed by a new economic report released today.

The Australian Sugar Milling Council (ASMC) commissioned report shows the economic contribution of the industry to Queensland had remained stable at $3.8 billion in 2020-21and supported almost 20,000 full-time equivalent direct and indirect jobs.

The Australian Sugar Milling Council (ASMC) commissioned report shows the economic contribution of the industry to Queensland had remained stable at $3.8 billion in 2020-21and supported almost 20,000 full-time equivalent direct and indirect jobs.

ASMC Chief Executive Officer Rachele Sheard said the report found in 2020/21 the Queensland sugar mills spent a total of $2.3 billion on cane, mill worker wages, mill inputs and government charges and taxes.

“When the economic multiplier is added, the $2.3 billion spent by Queensland’s mills resulted in the Queensland sugar industry contributing $3.8 billion or the equivalent of more than $10 million every day,” she said.

Ms Sheard said the annual spend by sugar mills in 2020-21 was almost identical to 2017-18 when this analysis was last undertaken and when average global sugar prices were stronger.

“The Queensland sugar industry has once again provided a shot in the arm to regional Queensland when it needed it most. This resilience is a tribute and show of commitment to our industry right across the entire supply chain – from our sugarcane farmers, the mills’ workforce and supporting industries,” Ms Sheard said. 

The industry has a bright future and we look forward to the continued support of communities and Governments to further increase our economic contribution,” Ms Sheard said.

ENDS

For Region specific Media Releases please click on the links below:

Link to ASMC report https://asmc.com.au/wp-content/uploads/2022/03/Economic-Impact-of-Qld-Sugar-Manufacturing-Industry-2020-21-Final-Report-web.pdf

Notes to Editors:

Media contact: Kirby Anderson 0400 206 502

Click here for a pdf of this media release.

Background

ASMC is the peak organisation for the sugar manufacturing sector, working to transform Australian sugarcane by diversifying the industry, expanding trade opportunities and creating new markets. ASMC represents five sugar manufacturing companies which collectively produce 90 percent of Australia’s raw sugar at their 16 sugar mills in Queensland.

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