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Agrimonetary USCR Report

USCR Update: 26th March 2020

By Tereos

26th March 2020

STERLING WEAKENS AGAINST THE EURO – £11.02/t PRICE INCREASE TO UK SUGAR PRICES FROM 30 March 2020

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.91348 creating a negative monetary gap against the current artificial USCR (£0.88632) of -3.075%, outside the +/- 1% threshold. Therefore, there will be £11.02 per tonne increase to UK Sugar Prices from Monday 30 March, and the USCR

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