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Beet price Cosun over 2022 sharply higher towards record

8 February 2023 - Redactie Boerenbusiness - 34 comments

Royal Cosun has announced the beet price for the 2022 harvest year. The standard price is €68,75 per net ton of quota beet at 17% sugar and 91 extractability. The beet price for the average quality supplied is €65,24, the cooperative announced this morning (February 8) via a text message to its member growers.

This brings the beet price for the average quality supplied close to the record year 2012. The beet price consists of the basic price of €32,50 and a members' bonus of €36,25 per tonne of beet. It is the third highest beet price ever. The average financial return per hectare in 2022 was € 5.505, Cosun published in the afternoon, compared to € 3.129 in 2021.

The beet price for the 2021 harvest year for the average quality delivered was €38,91 per net ton. The standard price is also considerably higher than last year's €40 per net ton of beet. For the surplus beet, Cosun charges a standard price of €2022 per tonne for the 30 campaign year and €28,47 per tonne for the average quality. For the 2021 harvest year, this was €27,50 and €26,75 per tonne, respectively.

Strong regional differences in sugar content
The strongly increased beet price is the result of a higher member bonus and a slightly lower content and extractability settlement, Cosun said in an explanation. Nationally, the average sugar content was 16,51%, slightly lower than the 16,73% in 2021. The extractability was also slightly lower at 90,4 points than the 90,7 of the previous year. With a dry spring and large differences in precipitation in the subsequent period, the average sugar levels in 2022 will vary widely between the south (16,06%) and the north (16,94%), Cosun reports. 

Dirk de Lugt, chairman of the Cosun cooperative, already gave up in an interview in November of last year Boerenbusiness TV that the member-growers could count on a considerably higher beet price. This is also important for Cosun, because enthusiasm for beet cultivation is under pressure among some of the growers. Due to, among other things, the higher wheat prices, growers wanted a higher yield from the cultivation of sugar beet. They have received that with the beet price that Cosun has now announced.

Different structure of the beet price
The beet price over the past campaign year is calculated in a slightly different way than before. For example, the members' allowance is no longer calculated over the calendar year, but over the so-called sugar year, which runs from October to September. With this adjustment, the system is more in line with the current market reality and developments in the field, motivates Cosun in a statement last June. Because prices on the sugar market were high during that period, this had a positive effect on the surcharge and therefore also the beet price for 2022. Dirk de Lugt, chairman of the Cosun cooperative, indicated on Thursday when explaining the annual figures that the beet price according to the old system it would probably have been around €46 per net ton of beets.

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34 comments
Subscriber
beet grower 8 February 2023
This is in response to it Boerenbusiness article:
[url = https: // www.boerenbusiness.nl/akkerbouw/artikel/10902824/beet price-cosun-over-2022-strongly-up]Beet price Cosun over 2022 sharply up[/url]
Like this!
Subscriber
ape 8 February 2023
Will the University Library also go upstairs?
Subscriber
juun 8 February 2023
look, this is how growing beets is fun again
Subscriber
xx 8 February 2023
Super, we were hoping for 60 euros. I already said that the Wilhelminapolder would be sorry, that has already happened today.
Subscriber
juun 8 February 2023
you should never anticipate the state. you almost always go in the fog with that.
Subscriber
truth 8 February 2023
well, the balance of beet cultivation is only half as compared to potatoes and onions ...... I am going to consider whether I will continue with the beet cultivation here ......
It can freeze or thaw 8 February 2023
I am positively surprised!!!
south-east 8 February 2023
running 70-72 euros next year, then it is reasonable in my opinion.
you should certainly not lag behind the state.
there is also such a thing as staying true to your building plan.
maybe old fashioned but this should be the basics.
It can freeze or thaw 8 February 2023
south east wrote:
running 70-72 euros next year, then it is reasonable in my opinion.
you should certainly not lag behind the state.
there is also such a thing as staying true to your building plan.
maybe old fashioned but this should be the basics.
Would be nice and if the costs of cultivation do not rise too much then it will be a nice crop again.

Subscriber
not 8 February 2023
all doom and gloom again before they knew the price
Subscriber
time bomb 8 February 2023
truus wrote:
well, the balance of beet cultivation is only half as compared to potatoes and onions ...... I am going to consider whether I will continue with the beet cultivation here ......
I don't think anyone is waiting for you to grow beets. Next year maybe €75/ton at 17% and 91 Win. If I were you I would stop and grow more potatoes and onions. Next year this maybe €15,-/100 kg.
Subscriber
juun 8 February 2023
time bomb wrote:
truus wrote:
well, the balance of beet cultivation is only half as compared to potatoes and onions ...... I am going to consider whether I will continue with the beet cultivation here ......
I don't think anyone is waiting for you to grow beets. Next year maybe €75/ton at 17% and 91 Win. If I were you I would stop and grow more potatoes and onions. Next year this maybe €15,-/100 kg.
luckily the onions and potatoes were also expensive last year :))) 1 year is not a year. and the prospects for beets in europe are good for the coming years. partly because a number of factories have already closed and a few are closing (I thought). in addition, treated seed is now also available in the rest of europe. therefore only a good market position for the Netherlands.
Subscriber
truth 8 February 2023
we will see time bomb.....I will grow beets in 2023, of course, but that is a year that I will evaluate the cultivation in relation to potatoes and onions....
Subscriber
Boeri 8 February 2023
truus wrote:
we will see time bomb.....I will grow beets in 2023, of course, but that is a year that I will evaluate the cultivation in relation to potatoes and onions....
Sounds good.
It can freeze or thaw 8 February 2023
It's easy to talk afterwards, but I'm very happy with this price and the final balance minus the costs.

You earn more from the beets than from the potatoes you secured for a fixed price last winter.
Claas 8 February 2023
A very nice price that I am satisfied with.
However, some explanation will have to be given because the members' allowance is almost half the price, which means that the basis is at the same level as the surplus price of 30 euros.
piet heinz 8 February 2023
the beet price is "only" the same as last year, the members' bonus is € 29/tonne higher,
Subscriber
laapc 8 February 2023
Was also much needed last 4 years it was worthless
Subscriber
offering 8 February 2023
don't forget that more than 6 euros per percent sugar goes off
Subscriber
frog 8 February 2023
beets wrote:
don't forget that more than 6 euros per percent sugar goes off
or arrives.
Subscriber
Sweet beet 8 February 2023
I am very pleased with this price
I fair 69.30 with a little more sugar and a little lower win
Net 85 tons of paid beet generates a yield of €5890/hectare
In recent years there was nothing to earn from it, but at the current level you can grow beets well
With these prices I keep the beets in the crop plan
Subscriber
juun 8 February 2023
yes, I'm going nicely towards the 8000 euro income per hectare, then it's just a very good crop. in any case, seed potatoes are not much inferior. with a lot less work and headaches.
It can freeze or thaw 9 February 2023
juun wrote:
yes, I'm going nicely towards the 8000 euro income per hectare, then it's just a very good crop. in any case, seed potatoes are not much inferior. with a lot less work and headaches.
Indeed
Subscriber
Noord 9 February 2023
juun wrote:
yes, I'm going nicely towards the 8000 euro income per hectare, then it's just a very good crop. in any case, seed potatoes are not much inferior. with a lot less work and headaches.
precisely. peter gilles always says mass is cash. growing beets is so beautiful
Subscriber
beet grower 9 February 2023
Wouldn't brag too much juun, everyone reads it and as laapc says: The last 4 years have not been good. If you spread this year over 5 years, you will get different results. Satisfying, but that will also be necessary. Keep it to yourself, try to pay off some extra if necessary and make your company more sustainable for the future because there is war in the world! Not only in Ukraine, but also in our left (not being) so-called rule of law state.
Subscriber
juun 9 February 2023
beekeeper wrote:
Wouldn't brag too much juun, everyone reads it and as laapc says: The last 4 years have not been good. If you spread this year over 5 years, you will get different results. Satisfying, but that will also be necessary. Keep it to yourself, try to pay off some extra if necessary and make your company more sustainable for the future because there is war in the world! Not only in Ukraine, but also in our left (not being) so-called rule of law state.
In the last 5 years, wheat (in my opinion a comparison in terms of work and income) was not great either. except past harvest. if you just always have a good yield, it is structurally significantly better than grain. and in such years far better than grain. even though the grain was also relatively expensive.
Subscriber
rick 9 February 2023
If, with these high sugar prices on the world market, the price of the sugar beet comes for the most part from the members' allowance, namely €36,25, then despite these high prices a lot of sugar has been sold for next to nothing, because despite the fact that I am very happy with this price scares me.
Subscriber
juun 9 February 2023
rick wrote:
If, with these high sugar prices on the world market, the price of the sugar beet comes for the most part from the members' allowance, namely €36,25, then despite these high prices a lot of sugar has been sold for next to nothing, because despite the fact that I am very happy with this price scares me.
just wait for the webinar. everything above the basic price of beets is, according to cosun, a member allowance, in my opinion. because if I make a calculation myself, the members' allowance is approximately between 17 and 19 euros per tonne of beet. so the rest will come from cosun bite
Subscriber
jk 10 February 2023
rick wrote:
If, with these high sugar prices on the world market, the price of the sugar beet comes for the most part from the members' allowance, namely €36,25, then despite these high prices a lot of sugar has been sold for next to nothing, because despite the fact that I am very happy with this price scares me.
income from sugar sales is also included in the members' allowance
Subscriber
highlander 10 February 2023
rick wrote:
If, with these high sugar prices on the world market, the price of the sugar beet comes for the most part from the members' allowance, namely €36,25, then despite these high prices a lot of sugar has been sold for next to nothing, because despite the fact that I am very happy with this price scares me.
The sugar sold very well, but don't forget the gigantic cost increases of many hundreds of millions for the entire company, then this beet price is a very good performance.
Subscriber
frog 10 February 2023
rick wrote:
If, with these high sugar prices on the world market, the price of the sugar beet comes for the most part from the members' allowance, namely €36,25, then despite these high prices a lot of sugar has been sold for next to nothing, because despite the fact that I am very happy with this price scares me.
Just like me, you can also be very satisfied, great job Cosun keep it up!
Subscriber
beet grower 10 February 2023
truus wrote:
well, the balance of beet cultivation is only half as compared to potatoes and onions ...... I am going to consider whether I will continue with the beet cultivation here ......
Well, take a serious look at the costs of the potatoes and onions. then you end up with a nice balance after the long costs and risk of beets. With a nice filling of a building plan
rule maker 10 February 2023
As long as you, as an organization, find it necessary to have a delivery obligation in your terms and conditions, you already know in advance what they are after, I can also explain it, this is just slavery
Subscriber
juun 10 February 2023
rulemaker wrote:
As long as you, as an organization, find it necessary to have a delivery obligation in your terms and conditions, you already know in advance what they are after, I can also explain it, this is just slavery
well, if you are going to buy llb s and then do not deliver anything, you will have the benefits and say 0 burdens. so in my opinion you are not entitled to a supplement. and of course that's what it's for. magoed cosun will surely not miss you.
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