New one-year sugar beet contract agreed for 2022
Wednesday, September 22, 2021
NFU Sugar and British Sugar have today announced a one-year sugar beet contract from 2022, including the continuation of the Virus Yellows assurance scheme and the futures-linked contract. The one-year contract for 2022 will pay a fixed price of £27 per adjusted tonne. Current multi-year contracted growers will have the option to upgrade to a fixed £25 per adjusted tonne by contracting for an additional contract year. There will be no separate market-linked bonus. These prices are on a zero-crown tare basis, meaning growers are paid for the entire roots of beet they deliver. In addition, NFU Sugar and British Sugar have agreed to continue the innovative futures-linked variable priced contract, giving growers the ability to make their own pricing decisions for a portion of their contract. This will now be open to all growers, who will have the option to allocate up to 10% of their tonnage onto this contract. Also new for this year is a local premium for all growers up to 28 miles contract distance from their nearest factory.Click here to connect to the source of this storyClick here for more News and Views
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