British Sugar and NFU Sugar agree contract for 2025/26 sugar beet crop

NFU Sugar
  -  
Monday, July 29, 2024
Both NFU Sugar and British Sugar said they ‘recognise the importance of choice and flexibility’, and are pleased to offer growers the following options: A one-year fixed price contract at £33.00/t, for up to 70% of your contract. A one-year contract with a guaranteed base price of £30.70/t plus an improved market-linked bonus. A futures-linked contract, for up to 50% of your contract. Growers can choose to split their tonnage between any of these contract options. An enhanced yield protection option is available for a reduced contract price of £32 for the fixed price option or £29.30 for the market-linked bonus and futures options. A cash advance, late delivery allowance and frost insurance are also being offered, in line with previous years. However, given the challenging conditions in the sugar market, local premiums will not be paid in 2025/26. Significant enhancement to this year’s contract is the relaxed performance rules for one year only, ensuring growers retain their CTE (Contract Tonnage Entitlement) in 2026 if they deliver at least 70% of their contracted tonnage in 2025/26.
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