Interim Agrimonetary Update 9th July 2012
9th July 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 - No price change if GBP/EUR stays at same levels </p><p>At lunchtime today the ECB fixed the commercial market value of the €uro at £0.79380 creating a gap against the current artificial "USCR" (£0.79885) of 0.857%, inside the +/-1% change threshold. <br /><br />If this level is repeated at Thursday's
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