NFU Sugar chair Michael Sly told sugar growers the NFU is ‘outraged’ after British Sugar offered a price of £38/t for the 2024-25 growing season – even though price negotiations are still not concluded with the NFU.
British Sugar contacted all its 2,300 sugar growers on November 1, providing them with a document which it said contained details of the 2024/25 Sugar Beet Contract Offer. British Sugar said the offer followed “significant pressure from growers” seeking financial certainty, and includes a market-linked bonus so growers can “share any possible upside if sugar prices remain high” – which the firm says would deliver over £40/t in today’s sugar market.
But Mr Sly said: “NFU Sugar has not agreed this offer, leaving the validity of any contracts made in relation to this offer in doubt. Active negotiations are still underway.”