Beet Price Agreed September 20, 2013 12:00 am After long negotiations the NFU and British Sugar have agreed a price for the 2014 sugar beet crop. Growers will be paid £31.67 per adjusted tonne, a £1 per tonne increase from the deal offered at the Cereals Event earlier this year. The newly agreed price is £4 above the IPA pricing model figure of £27.67. The price will be paid both on CTE and industrial ICE beet. As part of the deal the Late Delivery Allowance is also to be increased. For the 2014 crop this will commence on the 26th December and rise by 0.16% per day. This means that by the 28th February 2015 the delivered price will be £35.00 per adjusted tonne. Growers have a new deadline for the return of the 2014 contract offer document of the 11th October. British Sugar and the NFU have committed to work together to adjust the pricing mechanism to make it ‘more responsive’. Any new pricing arrangements are likely to apply for the last two years of the current EU sugar regime – the growing seasons 2015 and 2016.
