Australian Sugar Milling Council says Premier's commitment to reduce water charges provides confidence boost to regional economy

Published:

The Australian Sugar Milling Council (ASMC) welcomed today's announcement from the Palaszczuk Government to cut irrigation water costs for Queensland's sugarcane growers by 15 per cent for three years from July 2021 if re-elected.

"Increasing overseas competition, depressed global sugar prices, and rising production costs compounded by the far-reaching impacts of the coronavirus pandemic has subjected the industry to unprecedented stress," ASMC Chief Executive Officer, David Pietsch said.

"A price cut will reverse a decades long trend of SunWater's regulated water charges increasing annually and will now make water more affordable for the two-thirds of the state's canegrowers that rely on irrigation.

"Affordable water provides cane growers with a greater incentive to increase their water usage and take full advantage of their water access entitlements.

Labor's decision to cut irrigation water charges by 15% from 1 July next year follows pledges from the LNP and KAP to reduce water prices by 20% and 25% respectively.

"Regardless of the election result, there are now commitments to reduce water charges across the political spectrum," he added.

"The resulting boost in cane productivity will translate into an increase in sugar, molasses and renewable power generation that will immediately improve mill viability and support regional jobs," he said.

Mr Pietsch said ASMC calculations[1] estimated that a 15% cut in water prices would generate around $132 million in additional economic activity over four years, or around $100 million over the three years 2021/22 to 2023/24 of the scheme. A 25% cut was estimated to deliver $220m in community benefits.

"The Queensland sugar industry generates more than $4 billion to the Queensland economy and supports more than 23,000 jobs throughout the State," Mr Pietsch said.

Authorised by David Pietsch, Level 11, 348 Edward Street, Brisbane, Queensland

 
Business Business & Economy Elections Employment & Training Political Queensland Government
Social:   

Privately Submitted Article or Event :
See Above Article or Event for Address, Sunshine Coast Wide
Showing 10+ recent articles for this business
Recovery Will Continue Riding On The Ute's Back. Builders And Tradies Back Budget 11 May 2021 | "Builders and tradies will strongly back the Budget. It will boost the confidence of the industry that the recovery can continue to largely ride on the ute's back," Denita Wawn, CEO of Master Builders Australia... More information...
Federal Budget misses crucial opportunity to tackle homelessness, housing stress 11 May 2021 | The Federal Government has missed an opportunity to support struggling renters and older Australians at risk of homelessness, by failing to invest in social and affordable housing in tonight's Budget, according to... More information...
Aged care commitments fall short 11 May 2021 | "Aged care has been in chronic crisis for years and this funding package won't change that. This barely makes up for the $10 billion worth of cuts that have been inflicted over the last eight years. More information...
Huge cost of government's vaccine rollout delay revealed by new modelling 12 April 2021 | The cost of the government's delay in rolling out the COVID-19 vaccine to the Australian population is likely to exceed $1.4 billion on even the most optimistic of scenarios, according to new modelling by the... More information...
New report shows mental health deteriorates in isolation, but in-community support and resilience helps to cope 06 April 2021 | A new report on a survey compiled by leading Australian mental health service providers shows COVID-19 has had an adverse impact on the mental health of those already experiencing issues relating to their mental... More information...
CoreLogic: National home value index rises at its fastest pace in 32 years 01 April 2021 | CoreLogic's national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising... More information...
Local government ready to help turn our waste crisis into a billion-dollar economic opportunity 16 March 2021 | The Australian Local Government Association (ALGA) has hailed the Federal Government's National Plastics Plan 2021 as an important milestone on the road to a more environmentally and economically sustainable... More information...
Former State Chief Health Officers join health leaders for climate action in Parliament 16 March 2021 | Two former State Chief Health Officers are among a group of 30 health leaders descending on Parliament today to lobby for urgent climate action to protect health. More information...
Crucial government retirement modelling fails to reflect women's interrupted careers 08 March 2021 | New research reveals three-quarters of women are unlikely to retire having received a full 40 years of super contributions, and yet key government modelling assumes everyone retires with four decades of super. More information...
Domestic violence advocates tell Senate Committee to reject the Government's plans repeal safe lending laws 26 February 2021 | Financial abuse and domestic violence advocates will give evidence to the Senate Committee today about the harm women will face if the Government's Supporting Economic Recovery Bill is passed. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service