Sugar beet price 2024
- Thread starter Laminated
- Start date
- Location
- Bury St Edmunds
It won’t drop
alomy75
Member
It most certainly will drop. £34 my guess
- Location
- Breckland
BS are short of sugar.
Virus, disease and moth may have significant effect of this seasons crop. I don't think it will drop.
Virus, disease and moth may have significant effect of this seasons crop. I don't think it will drop.
tullah
Member
- Location
- Linconshire
When we agreed contract last July the world price was 560 and now it's up at around 670.
So we're looking for £48 a ton.
So we're looking for £48 a ton.
Daniel
Member
- Location
- Mildenhall, Suffolk
Ought to be around £50 surely?
alomy75
Member
All valid points and I completely agree…but remember who we are dealing with. The price will be set at a level the farmer will moan about; but still grow and not a penny more and in the absence of other competitive spring crops world market price is irrelevant. I sincerely hope I’m wrong but I’d be very surprised if it started with a 4
- Location
- Bury St Edmunds
There will be very little grown on heavy land unless it starts with a 4
- Location
- Breckland
Ditto sand
alomy75
Member
I think the base price will imo certainly start with a 3; having said that I bet there may be a variety of options to enhance that as like you say the world price will be providing a ‘cushion’ to make such offers to ‘sweeten the deal’ but whether these will entail a multi-year agreement to put in place…who knows.
- Location
- the brecks norfolk
Anyone even contemplating a new multi year deal need a slap, it was the multi year deal last time that completely undermined the price last time around.
As for 24 price I'm putting money on mid 30s with a whole host of sweeteners early lift bonus, yield guarantees, yv, frost, month, ect insurances.
I think this year's 40 quid job was just a carrot to keep us strung along before bending us over again for a few years again.
As for 24 price I'm putting money on mid 30s with a whole host of sweeteners early lift bonus, yield guarantees, yv, frost, month, ect insurances.
I think this year's 40 quid job was just a carrot to keep us strung along before bending us over again for a few years again.
alomy75
Member
Yep. Some hauliers do it for the haulage allowance; some charge more
Whats BS allowance, is it based on distance upto a limit?
alomy75
Member
Correct
Flatland guy
Member
- Location
- Lincolnshire
My tuppence worth is as follows:
World sugar prices are higher than last year, currently around £57/tonne so I cannot see many of our rivals happily selling beet/cane to BS any cheaper.
BS have always stated that there are quite happy for farmers to benefit from higher world sugar prices.
If they set the price to low every Tom, Dick and Harry will be trying to get onto the world market pricing scheme for 25% @ £57 on day one if prices don't change significantly.
British Sugar have run out of beet I believe having to source elsewhere, yes there is more in the ground this year and in my patch of Lincs a lot of this years is poor, including some of my own. How well they turn out is anyone's guess currently, the weather for the next month is critical going forward.
Fertiliser costs for next year may be lower but until any contract is out, no one can lock into any prices until any contract is issued.( unless you are gambling again) Hand on heart can anyone say where prices are going to be in two/six months time in such a volatile world at present.
Alternative land uses: combinable crops are currently lower, but are many selling at these prices how many have got some sold forward at a lot higher pricing. Again another two months time the pricing could be off the charts either way who knows.
With the poor spring this year, I am finding larger vegetable growers looking for the best land next year which then leaves the poorer quality of land which often yields lower resulting in higher costs.
But who knows price it too less and after frosts etc less year, many might still turn their backs on the crop.
World sugar prices are higher than last year, currently around £57/tonne so I cannot see many of our rivals happily selling beet/cane to BS any cheaper.
BS have always stated that there are quite happy for farmers to benefit from higher world sugar prices.
If they set the price to low every Tom, Dick and Harry will be trying to get onto the world market pricing scheme for 25% @ £57 on day one if prices don't change significantly.
British Sugar have run out of beet I believe having to source elsewhere, yes there is more in the ground this year and in my patch of Lincs a lot of this years is poor, including some of my own. How well they turn out is anyone's guess currently, the weather for the next month is critical going forward.
Fertiliser costs for next year may be lower but until any contract is out, no one can lock into any prices until any contract is issued.( unless you are gambling again) Hand on heart can anyone say where prices are going to be in two/six months time in such a volatile world at present.
Alternative land uses: combinable crops are currently lower, but are many selling at these prices how many have got some sold forward at a lot higher pricing. Again another two months time the pricing could be off the charts either way who knows.
With the poor spring this year, I am finding larger vegetable growers looking for the best land next year which then leaves the poorer quality of land which often yields lower resulting in higher costs.
But who knows price it too less and after frosts etc less year, many might still turn their backs on the crop.
- Location
- Bury St Edmunds
Looking at most beet in the Bury area including all of mine, yield will be down considerably, beet are at least 4 weeks behind where they should be, pigeons and hares are not helping either!
- Location
- the brecks norfolk
Same around here, unless things really alter I can't see the beet on the early lift contract being hardly worth lifting in early September.
Hindsight
Member
- Location
- Lincolnshire
Suppose it depends what the Louth MPs husband thinks he can get away with - try it on. Maybe ask the Conservative Party their policy on food prices!!! Seem to recall ast week when Sushi was waffling about capping food prices Sugar was included as a staple.