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Sugar beet price £27/t plus up to £2/t premium for local growers
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As the sole processor of the UK’s beet sugar crop, we work in partnership with over 2,500 growers and our customers to deliver a world-class product that is made to the highest standards every day. We are the leading producer of sugar for the British and Irish food and beverage markets, processing around eight million tonnes of homegrown sugar beet and producing up to 1.4 million tonnes of sugar each year.
Growers within 9 miles of their factory on the 2022 1-year contract will receive £29/t including the Local Premium © British Sugar Sugar beet growers within 28 miles of British Sugar’s factories will receive a Local Premium on top of their 2022 guaranteed £27/t 1-year & £25/t multi-year upgraded fixed prices.
The Local Premium introduced by British Sugar for the 2022/23 crop pays an additional £2/t on top of the base price for growers up to nine miles of their contracted factory, decreasing on a linear scale by 10p/t per mile.
For example, a grower at 15 miles will receive an additional £1.40/t. That’s a potential income of £28.40/t with tonnage on the 2022 1-year contract, and over £29/t with the average Late Delivery Allowance.
Guaranteed fixed prices in 2022
The 2022/23 1-year contract will pay a guaranteed fixed price of £27/t on a zero crown basis. That’s the equivalent of £27.92/t on average where the previous crown tare deduction and sugar scale terms applied.
The 1-year price is a 33% increase on the previous year’s price, acknowledging increases in input costs and inflation in alternative crop prices, as well as providing growers with a share of the recent improvements in sugar pricing.
Multi-Year upgrades available
Growers with tonnage on the existing 2020/21 & 2021/22 multi-year contracts have the option to upgrade from their existing £21.18/t price to a guaranteed fixed £25/t, subject to committing to an additional contract year. £25/t zero crown is the equivalent of £25.85/t on average where the previous crown tare deduction and sugar scale terms applied.
All contract options for 2022 are guaranteed fixed prices with no market-linked bonus.
© British Sugar
Virus Yellows Fund
The £12m Virus Yellows Fund compensates growers for yield losses due to Virus Yellows. Industry-wide efforts continue with advocacy for plant protection products and future breeding techniques.
Additional tonnes welcomed
Growers in East Anglia can apply for additional tonnes on the 2022/23 1-year contract, on the higher-priced multi-year upgrades, and on the Futures-linked variable price contract.
Contracting opens shortly
British Sugar anticipate opening its online contracting screens, and issuing postal Contract Offers to non-online users, in the coming weeks.
Farmers in East Anglia interested in growing beet are also welcome to apply for their own contract or discover other growing options on offer.
2022/23
1-year: £27/t fixed price (£27.92/t on average where the previous crown tare deduction and sugar scale terms applied)
Upgraded Multi-Year: £25/t fixed price (£25.85/t on average where the previous crown tare deduction and sugar scale terms applied)
Local premium: up to £2/t
Futures-linked variable price contract available to all growers
£12m Virus Yellows Fund continues