British Sugar was the sole buyer and processor of sugar beet in the United Kingdom. Despite its product competing with sugar derived from sugar cane, the approximately 2,300 sugar beet growers in the UK had no option but to sell their produce to this single buyer, a market structure known as a monopsony. This raises several questions: What factors have prevented other companies from entering the market to compete with British Sugar? In the absence of competition, how are transaction prices and quantities determined between sellers and the sole buyer? Furthermore, has British Sugar exploited its monopsony power to artificially depress purchasing prices, thereby negatively impacting growers and society as a whole? Should the UK government intervene to introduce or encourage competition in the British sugar market?