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Agrimonetary USCR Report

USCR Update: 22nd October 2020

By Tereos

22nd October 2020

STERLING STRENGTHENS AGAINST THE EURO – £5.33/t PRICE DECREASE TO UK SUGAR PRICES FROM MONDAY 26 October 2020

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.90273 creating a positive monetary gap against the current artificial USCR (£0.9159) of 1.438%, outside the +/- 1% threshold. Therefore, there will be £-5.33 per tonne decrease to UK Sugar Prices from Monday 26 October, and the USCR

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