Sugar Terminals Limited announced that it has signed a new 3-year agreement with five of its customers with effect from 1 July 2022. The terms of this new storage and handling agreement will apply to all STL customers who utilise STL's services from 1 July 2022. At this point in time, Tully Sugar, MSF Marketing, Queensland Commodity Services, Bundaberg Sugar and Wilmar Sugar have signed the new storage and handling agreement.

As at 30 June 2022, STL's remaining customer, Queensland Sugar Limited, has not yet signed the new agreement. However, STL remains committed to reaching agreement with QSL as it will be in the best interests of both parties and the broader sugar industry to have long term contractual certainty.