Agrimonetary USCR update 31st May 2012
31st May 2012
The USCR is the “Unofficial Sugar Conversion Rate” between UK Pounds and Euros. The USCR has the potential to change every 14 days depending on the value of Sterling against the Euro and if at 1.30pm every second Thursday that value is more than 1% different (+ or -) compared to the previous fortnight.
<p>STERLING STRENGTHENS AGAINST THE EURO - HOWEVER NO PRICE CHANGE TO UK SUGAR PRICES FROM MONDAY 4th JUNE </p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.79990 creating a positive monetary gap against the current artificial "USCR" (£0.80080) of 0.112%, inside the +/- 1% threshold. Therefore,
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