British Sugar and NFU Sugar unveiled on 24th August one-year and three-year sugar beet contracts and prices from 2021.
UK – Sugar beet growers to get market-linked bonus as sugar prices rise [Registered]
UK sugar beet growers are set to receive a market-linked bonus later this year after EU average sugar prices hit the trigger point for the first time.
UK – Sugar beet growers granted the use of neonic Biscaya [Full subscriber]
Emergency Authorisation application from British Sugar and the National Farmers’ Union’s Sugar Board (NFU Sugar), supported by the British Beet Research Organisation (BBRO), for the use of the neonic Biscaya on sugar beet in spring 2020 has been approved by Department for Environment, Food and Rural Affairs.
UK – Sugar use in soft drinks drops by 29% as companies reformulate their products [Full subscriber]
Researchers at Oxford University recently found that the soft drinks industry, amidst clamour against sugar, have responded by changing their products portfolio whereby there has been a significant reduction in the use of sugar. They found that there was a 29% reduction in the total amount of sugar sold in soft drinks in the UK between 2015-2018.
UK government funds 4 waste-to-fuel plants [Full subscriber]
The UK’s Department for Transport recently announced funding for four new biofuel plants in its drive towards net-zero emissions.
UK – Shell, British Airways and Velocys to build waste-to-biofuels plant pending planning permission [Registered]
Shell, British Airways and Velocys (subsidiary Altalto Immingham) have applied for planning permission for waste-to-biofuels plant from local authorities in North East Lincolnshire. The feedstock will be non-recyclable domestic or commercial waste that would otherwise end up in landfills or incinerators.
Germany, UK and France report increased beet yields in 2019 [Full subscriber]
Germany’s sugar production is set to rise 1.6% on the year to 4.26 million tonnes in the 2019-20 (October-September) season according to the first crop estimate released on 10th September by the sugar industry association WVZ.
UK – The Treasury pockets sugar tax cash [Full subscriber]
The new chancellor Sajid Javid has admitted that the taxes raised through the soft drinks sugar levy that was supposed to support children’s health will go to Treasury coffers, reported The Grocer.
UK – Govt rejects plea for the use of neonics in sugar beet [Registered]
The Government has rejected an appeal by the British Beet Research Organisation (BBRO) for an exemption to the ban of the use of neonicotinoids as a seed treatment for sugar beet next year.
UK – 2019 minimum price for sugar beet set at US$25/t by British Sugar [Full subscriber]
British Sugar and the NFU (National Farmers Union) Sugar announced 13th September that they have reached an agreement on sugar beet contract terms for 2019/20 in a move to help deliver better transparency and certainty in a highly competitive market, according to reports from the local farming press.
Monthly Snapshot
Market Overview Raw sugar futures in New York October finished at 13.24 cents/lb on 19th August. The market climbed to a five-month high of 13.28 cents on 14th August. It is apparent that the current bullish trend is driven by […]
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