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Agrimonetary USCR Report

USCR Update: 12th March 2020

By Tereos

13th March 2020

STERLING WEAKENS AGAINST THE EURO – £17.95/t PRICE INCREASE TO UK SUGAR PRICES FROM 16 March 2020

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.88623 creating a negative monetary gap against the current artificial USCR (£0.84183) of -5.274%, outside the +/- 1% threshold. Therefore, there will be £17.95 per tonne increase to UK Sugar Prices from Monday 16 March, and the USCR

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