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Press releases
| 02/12/2003 |
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Royal Cosun, a leading manufacturer of food ingredients, has set the BMS price for the sugar beet supplied during the 2002 campaign at € 51.91 per tonne. The cooperative’s Board announced the price during the Members’ Council meeting in Nijkerk on 11 February.
The price of € 51.91 per tonne excluding VAT for BMS beet with a sugar content of 16% and average extractability is more than 8% lower than the € 56.88 paid in 2001. The main reasons for this are the reduction in the European sugar quota by approximately 6.5% and an additional production levy over 2001. Owing to the low world market price, the price of C beet with the same sugar content and extractability has been set at € 5.15 per tonne excluding VAT. The price paid for C beet in the previous year had been € 15.22 per tonne excluding VAT.
Cosun will publish the figures for the past financial year on 8 April 2003.
The figures below compare beet and sugar production in 2002 and 2001 (between brackets).
| Total beet production |
4,024,000 tonnes |
(3,767,000 tonnes) |
| Total sugar production |
642,000 tonnes |
(596,000 tonnes) |
| of which C sugar |
138,000 tonnes |
(57,000 tonnes) |
The price for BMS beet with 16% sugar and average extractability, excluding VAT, has developed as follows in recent years:
2002 : € 51.91
2001 : € 56.88
2000 : € 52.56
1999 : € 52.03
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