Royal Cosun has announced the beet price for the 2021 harvest year. The standard price is €40,00 per net tonne of quota beet at 17% sugar. The beet price for the average quality supplied is €38,91, the cooperative announced today (9 February).
The beet price for quota beet – with 17% sugar and 91 extractability – was drawn up by the cooperative's members' council on Wednesday 9 February. The price is made up of a basic price of €32,50 and a member surcharge of €7,50. a year earlier amounted to this member surcharge is still €7 per tonne. The beet price then came to €39,50 and the average price to €35,58.
The price for surplus beets is €27,50. A year ago that was still € 24,50. The average sugar content of the campaign is 16,7% with 90,7 extractability. Better figures than in 2020. The average beet price thus comes to €26,75 (in 2020: €22,07). The average hectare yield is 82,2 tons per hectare and the tare percentage at 10,7%.
Last season, the difference between the beet price and the average price was €3,92 per tonne. An unfavorable growing season resulted in a lower sugar content. Reliability was also disappointing. The 2021-2022 season did not have a major precipitation deficit and the growing conditions could also be called better in the spring. Sugar levels were at a relatively high level compared to previous years.
Financial result
As a result, the grower's financial yield has improved over the 2021 campaign compared to a year earlier. This comes to €3.129 per hectare. A year earlier that was €2901. The 2022 campaign is likely to be different, as input costs have risen sharply.
Cosun can benefit from the sugar market that has improved considerably in 2021. The futures quote for refined white sugar in London (Liffe) reached a record price of €463,73 per tonne in mid-November. That level has not occurred since 2017. The price increases on the international market, which started at the beginning of July, have had a delayed effect on Cosun's results. Sugar is largely sold prior to the processing season. Nevertheless, the cooperative was also able to benefit from a better price level in 2021.
Lean years in the past
Cosun has finally shaken off the yoke of corona. The agricultural segments in which it is active are all showing significant growth. This provides a solid basis for the beet price to build on. However, it will take some time before the beet price is brought back to the level of yesteryear.
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This is in response to it Boerenbusiness article:
[url = https: // www.boerenbusiness.nl/granen-grondstof/ artikel/10896600/bietenprijs-cosun-over-2021-smaak-eindelijk-wat-zoeter]Cosun beet price for 2021 finally tastes a bit sweeter[/url]
most sugar is sold in advance, had hoped for more, but assume this is the start of an upward trend.
So contrary to the previous comments I don't grumble too much, they can show how they can do better, and then not from the sidelines.
Beet grower: "I don't like it, velvet is good, just think". Sure, it is. Maybe they still want a smart beet grower on the board. We can of course also offer our beets in Belgium or Germany. They probably do a lot better there.
Really super bad considering the sugar price development. They give us the rest after everyone has implemented their extra costs, including the wages of OUR cosun employees. Fire everything and have it reapplied in front of a farmers committee!!!
let's hope that the settlement will be made in April and not at the end of March so that Q1 turnover is a bit lower and the farmers can still benefit a bit from this
I read in many places that there is high inflation.
Cosun sees a challenge in the high inflation.
Do they mean that the beet price goes through 50 euros due to an inflation correction ??
Or do they mean that they might want to pay the beet price from way back in the last century, more than 50 euros like 45 years ago?
Apparently everyone can earn from sugar except the grower, who has to pretend he is happy with less than 4 cents per kg of beet.
Beet price is €32,50 not €40,-the €7,50 member surcharge has absolutely nothing to do with the beets are side activities that fortunately add some extras on top of the beet price so €32,50/at 17% sugar we do not gain weight on average beet price falls below € 30, road / ton
The beet price presented by Cosun leaves room for improvement, only two quarters higher than last year.
When I read that the management aims for a price that is € 5,-/ton higher in 2025, this gives little confidence. That is three years later, only inflation is then 20% minimal.
The apologies that there are one-off negative benefits and the market was a lot lower at the time of the sale of sugar is all quite understandable, but if there are no errors and a higher sugar price, the members expect just €2023/ton in 45, Mr. Director.
And in 2025 at least € 50,-/ton I say at least yes, because if you want to keep the cultivation for our cooperative, this will really have to be the shot.
Perhaps the strong grain prices can boost motivation somewhat.
Beet price is €32,50 not €40,-the €7,50 member surcharge has absolutely nothing to do with the beets are side activities that fortunately add some extras on top of the beet price so €32,50/at 17% sugar we do not gain weight on average beet price falls below € 30, road / ton
When I read this thread I have the idea that all arable farmers are super sellers. The sales advice given here is of a very high standard. Dear cosun, as you can read you shouldn't sell at the lowest point.... And don't sell in advance.... and that you have to factor inflation into the price... I'm curious how the arable farmers / advisors in this thread have sold their yellow seed onions this year . I assume all between 25 and 30 cents/kg. That is last year's top price adjusted for inflation. I also think that all beet growers who often also grow grass seed have freely grown their grass seed for harvest 21. Of course, with their visionary view, they did not sign a contract in September 20, if they have already done so, of course with an inflation adjustment of 6% what that means. saw you coming for a long time. Just like the potatoes. They too were all grown 21% free for harvest 100.... Sure. Nor has anyone here sold part of his wheat crop 21 in advance for 200 euros last winter. I just want to say be careful about blaming others, first analyze your own actions before accusing someone else of incorrect market assessments. And of course I also hope for more than 50 euros per tonne and no, I am not on the board. But I find it very easy to call from the sidelines.
When it comes to the forecast for the coming years . I would like to see your prediction that you can be counted on on this forum. So I would like to hear your expected wheat price, onion price, potato price and grass seed price in 2025. Of course, your sales price is then with a full calculation of all increased costs. So the minimum price for: wheat 0,35 cents. grass seed 1 Euro, and potatoes 0,35 cents and the onions also 35 cents? That is the same way of calculating that many here think that cosun should sell the sugar, so you have to set the bar for yourself at that level too. Then we will check in 2026 whether you have also achieved this. I also know how it should be done, but the reality is often more unruly.
When I read this thread I have the idea that all arable farmers are super sellers. The sales advice given here is of a very high standard. Dear cosun, as you can read you shouldn't sell at the lowest point.... And don't sell in advance.... and that you have to factor inflation into the price... I'm curious how the arable farmers / advisors in this thread have sold their yellow seed onions this year . I assume all between 25 and 30 cents/kg. That is last year's top price adjusted for inflation. I also think that all beet growers who often also grow grass seed have freely grown their grass seed for harvest 21. Of course, with their visionary view, they did not sign a contract in September 20, if they have already done so, of course with an inflation adjustment of 6% what that means. saw you coming for a long time. Just like the potatoes. They too were all grown 21% free for harvest 100.... Sure. Nor has anyone here sold part of his wheat crop 21 in advance for 200 euros last winter. I just want to say be careful about blaming others, first analyze your own actions before accusing someone else of incorrect market assessments. And of course I also hope for more than 50 euros per tonne and no, I am not on the board. But I find it very easy to call from the sidelines.
When it comes to the forecast for the coming years . I would like to see your prediction that you can be counted on on this forum. So I would like to hear your expected wheat price, onion price, potato price and grass seed price in 2025. Of course, your sales price is then with a full calculation of all increased costs. So the minimum price for: wheat 0,35 cents. grass seed 1 Euro, and potatoes 0,35 cents and the onions also 35 cents? That is the same way of calculating that many here think that cosun should sell the sugar, so you have to set the bar for yourself at that level too. Then we will check in 2026 whether you have also achieved this. I also know how it should be done, but the reality is often more unruly.
other peter wrote:Could all be so, but Sugar Union belongs to the farmers, and they keep us on the line. Too little to live on and too much to die from. We have to grow our hash full. Something about onions/potatoes.When it comes to the forecast for the coming years . I would like to see your prediction that you can be counted on on this forum. So I would like to hear your expected wheat price, onion price, potato price and grass seed price in 2025. Of course, your sales price is then with a full calculation of all increased costs. So the minimum price for: wheat 0,35 cents. grass seed 1 Euro, and potatoes 0,35 cents and the onions also 35 cents? That is the same way of calculating that many here think that cosun should sell the sugar, so you have to set the bar for yourself at that level too. Then we will check in 2026 whether you have also achieved this. I also know how it should be done, but the reality is often more unruly.
90 tons of average beet is +/- € 3420. 60 tons of onions was €14 6000 days ago, today €7800.Potatoes free, 55 tons of 220 is €11.000, but also costs quite a bit
I know wheat and grass seed may be a bit more expensive, but you'll end up with the best soil from it, and you'll have some left over, but beets, I know if you calculate it properly, I also have some left over. Makes a difference from company to company.