NFU Online

Last edited on: 06:09:2016

Share this story:

Sugar Beet price increase likely for 2016/17

Calculator and finances_12290

As we are sure you are aware, we have seen weaker sterling exchange rates over the last few months. We are pleased to confirm that it is likely to have positive consequences for beet prices for both CTE and ICE for the 2016/17 campaign. Under the IPA agreement, the terms outline that a price increase is payable if the value of the EU Minimum Beet Price, which is set in euros, surpasses the agreed contract price of £20.30 per adjusted tonne. The exact price payable will be published in early October as the price is based on the average of the September euro to pound sterling exchange rate published daily by the ECB, and is also subject to the deduction of the EU Production Charge.


Have your say on this

Your comment will be checked by our moderation team and may be used in other NFU publications. Commenting guidelines

Post a comment:

Back to NFU Sugar home page

Contact

NFU Sugar Helpline:
0370 066 1974

Helpline

Tweet

Follow us @NFUSugar

Related

UK sugar beet growers' frost insurance policy details for the 2016/17 campaign.

An ecomonic overview of the sector, including the NFU Sugar Quarterly Market Update, WABCG flashmarket and currency updates.

News and information about beet reception, includes reports and grading information, whole beet sampling and more.

Links to information for growers and organisations which play a key part in the British and global sugar industry.

Important information - factory details, glossary of terms, board roles and responsibilities and key dates.

nfu sugar board

Find out who's who on the NFU Sugar Board - read their biographies here.

Factories

sugar factories Bury St. Edmunds Wissington Cantley Newark

Click on the map above to find out where the British Sugar factories are.


© 2017 - NFU Online