Written by Charlotte Cunningham
The first ever sugar beet pricing platform has been launched this month, allowing British growers to manage and fix their own sugar beet prices. Charlotte Cunningham reports. The pricing platform has been developed by NFU Sugar, with support from British Sugar, and has been delivered by the supply chain service company Czarnikow. It will enable growers to take advantage of new futures-based contracts agreed between NFU Sugar and British Sugar in its latest contract offer, and will be offered via Czarnikow’s client platform, Czapp. The platform will initially be tested by a pilot group of growers as part of a year-long pilot programme, with the intention to then roll it out more widely across sugar beet contracts. The pilot will allow growers and British Sugar to price beet independently of each other for the first time ever. This means growers can lock in prices when it is attractive to them and British Sugar will only have to pay the price that they have independently set. NFU Sugar board chairman Michael Sly said: “This is a hugely exciting project and something we have been working hard on for a number of years, in response to calls from growers for more control…
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