Sugar beet prices rise
SUGAR beet prices for the coming winter are slightly higher than last year reflecting firmer prices for cereals and other alternative feedstuffs.
A 25t, on-farm bulk tipped load of molassed sugar beet pellets will cost £80/t in the midlands, £82/t in the south and £85/t in Scotland, which is £3-£5 higher than last year.
However, increased haulage costs represent a large chunk of higher prices. Ex-factory prices have increased by only £2/t, because maize gluten and cereal prices are more expensive, says Trident Feeds Duncan Hook.
But he expects supply to be similar to last year. "Sugar beet plantings are down but expected yields are higher, so we are predicting a similar sized crop." *