Agrimonetary USCR update 20th May 2010
20th May 2010
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 style="margin: 0cm 0cm 0pt" class="MsoNormal">STERLING WEAKENS AGAINST THE EURO - £8.67/T INCREASE TO UK SUGAR PRICES FROM MONDAY 24TH MAY </p><p style="margin: 0cm 0cm 0pt" class="MsoNormal"><br />A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.8644 creating a negative monetary gap against the current artificial "USCR"
You need to be signed in with our Sugar Starter plan or above to view this content.
