Nordzucker guarantees a minimum price for sugar beet of 37 €/t in the 2023 cultivation year

Nordzucker

Tuesday, July 12, 2022

In mid-May, Nordzucker and the Dachverband Norddeutscher Rübenanbauer e.V. (DNZ) agreed on the concrete form of the contract offer and, in particular, a minimum price for sugar beet of 37 euros per tonne in the 2023 cultivation year. The deadline for growers to subscribe to contract quantities ended on 15 June 2022. The one-year supply contract for beet cultivation in 2023 offers the more than 3,000 beet growers a flexible price clause to reflect market changes and/or rising costs. Gorissen is optimistic that after the beet harvest and marketing of the sugar, the beet price in 2023 will be significantly above the guaranteed minimum price. Nordzucker had already raised the prices for the existing multi-year contracts, and that too for 2022.

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