sugar price

[piggy]

I have been quoted 59p /kg for 900kg delivered. Gone up a lot from last year. Good old brezit!

 

[Boston Bees]

I have been quoted 59p /kg for 900kg delivered. Gone up a lot from last year. Good old brezit!

Suspect it's more to do with the 70 percent ish rise in the global sugar price over the last year.

https://www.nasdaq.com/market-activity/commodities/yo:nmx

 

[CaptainCymru]

Or more likely the devaluation of the pound due to massive quantitative easing causing high inflation on raw goods.

 

[Boston Bees]

Or more likely the devaluation of the pound due to massive quantitative easing causing high inflation on raw goods.

Except that the pound is stronger against both dollar and euro than a year ago

 

[CaptainCymru]

Except that the pound is stronger against both dollar and euro than a year ago

Except both of these are engaged in QE also

 

[Boston Bees]

Except both of these are engaged in QE also

Yes, I'm just pointing out that the rise in the UK sugar price over the last year can't be due to the devaluation of the pound, because the pound hasn't devalued over the last year (in fact, the opposite)

 

[CaptainCymru]

Yes, I'm just pointing out that the rise in the UK sugar price over the last year can't be due to the devaluation of the pound, because the pound hasn't devalued over the last year (in fact, the opposite)

Ok let’s say then the pound hasn’t devalued , however you have to admit inflation, you can’t just print money out of thin air and hope to pay the same amount for imported goods.

 

[Boston Bees]

Ok let’s say then the pound hasn’t devalued , however you have to admit inflation, you can’t just print money out of thin air and hope to pay the same amount for imported goods.

There is a massive global surge in prices happening at the moment, affecting all countries. The global prices of metals, wood, oil, sugar (and other agri-commodities) etc, are all up by huge amounts compared to this time last year. This is indeed partly due to government stimulus around the world, together with a very sharp economic rebound since the Covid lockdowns of last year. It is also due to restricted supply chains caused by Covid.

How long this price surge will last is a matter of great debate.

 

[CaptainCymru]

There is a massive global surge in prices happening at the moment, affecting all countries. The global prices of metals, wood, oil, sugar (and other agri-commodities) etc, are all up by huge amounts compared to this time last year. This is indeed partly due to government stimulus around the world, together with a very sharp economic rebound since the Covid lockdowns of last year. It is also due to restricted supply chains caused by Covid.

How long this price surge will last is a matter of great debate.

BOE think transitionary due to supply chain squeeze ,let’s see , I’m waiting for Jan to see what year lies ahead

 

[Apiarisnt]

https://www.fwi.co.uk/arable/sugar-beet/legal-challenge-over-tariff-free-sugar-imports
At least somebody in this country is lobbying for higher sugar prices, from a crop that is notoriously more expensive to farm than cane sugar About Sugar | Fairtrade Foundation

 

[maddydog]

I have been quoted 59p /kg for 900kg delivered. Gone up a lot from last year. Good old brezit!

Better than the quotes I've had from Bako and booker. Any chance you could PM me the supplier?

 

[Apiarisnt]

Better than the quotes I've had from Bako and booker. Any chance you could PM me the supplier?

£1.25 for 2kg in Morrisons at the moment

 

[maddydog]

£1.25 for 2kg in Morrisons at the moment

Gonna need a lot of trolleys

 

[Martimart]

I’m buying silver spoon sugar for £0.65p a kilo bag from Ocado at the moment

 

[Jeff Buzz]

The sugar price has nearly doubled since last year you cannot blame Brexit for everything guys.

 

[keith evans]

I have been quoted 59p /kg for 900kg delivered. Gone up a lot from last year. Good old brezit!

2kg for £1.10p in Farmfoods.

 

[masterBK]

2kg for £1.10p in Farmfoods.

Don;t forget to use your farmfood coupons= £2 off £25 or better still £5 off £50 10% saving reducing cost per Kg to 49.5p

 

[Pembroke]

The sugar price has nearly doubled since last year you cannot blame Brexit for everything guys.
View attachment 27192

So can I blame the EU then for banning the use of Neonicotinoid dressing on sugar beet seeds which has resulted in lots of beet crops being destroyed by cabbage flea beetle and the farmers having to use far more toxic (to all insect life in a field) sprayed pesticide to combat them?

 

[piggy]

I got the quote from Kent Foods

 

[BeeGiner]

My understanding is that sugar from non EU parts of the world i.e. cane sugar is much cheaper to produce than EU beet sugar but the EU heavily subsidise sugar beet to help EU farmers and disadvantage those from the third world.
Global sugar price is strongly affected by its use to produce alcohol which is mixed with petrol, even in the fuel we use in the UK (how this can possibly be “green” puzzles me)