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Agrimonetary USCR Report

USCR Update: 21st May 2020

By Tereos

21st May 2020

STERLING WEAKENS AGAINST THE EURO – £9.62/t PRICE INCREASE TO UK SUGAR PRICES FROM 25 May 2020

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.89943 creating a negative monetary gap against the current artificial USCR (£0.87565) of -2.716%, outside the +/- 1% threshold. Therefore, there will be a £9.62 per tonne increase to UK Sugar Prices from Monday 25 May, and the

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