British Sugar has confirmed 2016/17 season beet contract prices, and provided an indication of the surplus beet price.
Beet growers contracted to British Sugar will get £1.32/t more than they were expecting for 2016-17 tonnage, as a result of the fall in the value of sterling.
The 2016 Contract Tonneage Entitlement price increases from £20.30 to £21.62 per adjusted tonne.
Indications are that the majority of surplus beet delivered this year will be needed to make the national quota.
If this is the case, then the price paid for part or potentially all of the surplus beet delivered will be topped up to the £21.62 CTE price.
In this event, all surplus beet will receive the enhanced price as a top up after the end of the campaign.
