Sugar beet prices announced
After an extensive and detailed negotiation process, the NFU and British Sugar have written to sugar beet growers to announce the sugar beet prices for 2016/17.
The price for contract (CTE) and industrial (ICE) beet is £20.30 per tonne. The price for surplus beet has not been confirmed and will be announced later in the year.
NFU sugar board chairman William Martin says: “Our industry continues to face significant challenges. Low world prices and the approaching end of quotas are resulting in difficult market conditions.
“Both the NFU and British Sugar are confident that, despite these challenges, we will secure the long-term future of the industry by continuing to work together.”
In addition to the price announcement, growers will not be subject to a compulsory cut in CTE and ICE and instead they may offer to grow whatever proportion of their CTE and ICE they wish, from 0 per cent to 100 per cent. They will retain their right to grow in 2017/18 regardless of what they have chosen to grow in 2016/17. Performance rules will be set at a two year average of 95 per cent of contracted tonnage over the years 2015/16 and 2016/17.
The transport allowance will be calculated from the Industry Haulage Scheme costs, including cleaning and loading – there will not be an additional payment in 2016/17 for those in the Industry Haulage Scheme.
William Martin adds: “The package we have negotiated should enable beet to compete in rotations on farm and builds for a successful future for both growers and the UK sugar beet industry.”
