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Arable Farming
Root Crops and Vegetables
Sugar beet price 2024
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<blockquote data-quote="Hindsight" data-source="post: 9061053" data-attributes="member: 3169"><p>Hi, </p><p></p><p>I was just going on the following paragraph in the BS contract update email from yesterday. I took it the inference being sugar sold forward at fixed prices lower than the now world price. But I have no idea. Cheers. </p><p></p><p><em>As we have said before, we sell almost all of our sugar through fixed price annual contracts and therefore we cannot cover the risks inherent in the futures contract. If we agree a discount factor on the model, both ourselves and the growers who choose it will face greater risk. A small movement in the US dollar exchange rate, or world sugar futures price would present magnified price swings to growers, and potential losses to British Sugar of millions of pounds</em></p></blockquote><p></p>
[QUOTE="Hindsight, post: 9061053, member: 3169"] Hi, I was just going on the following paragraph in the BS contract update email from yesterday. I took it the inference being sugar sold forward at fixed prices lower than the now world price. But I have no idea. Cheers. [I]As we have said before, we sell almost all of our sugar through fixed price annual contracts and therefore we cannot cover the risks inherent in the futures contract. If we agree a discount factor on the model, both ourselves and the growers who choose it will face greater risk. A small movement in the US dollar exchange rate, or world sugar futures price would present magnified price swings to growers, and potential losses to British Sugar of millions of pounds[/I] [/QUOTE]
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Arable Farming
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Sugar beet price 2024
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