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Agrimonetary USCR Report

USCR Update: 6th December 2019

By Tereos

6th December 2019

STERLING STRENGTHENS AGAINST THE EURO – £6.79/t PRICE DECREASE TO UK SUGAR PRICES FROM MONDAY 08 December 2019

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.8461 creating a positive monetary gap against the current artificial USCR (£0.86288) of 1.945%, outside the +/- 1% threshold. Therefore, there will be £-6.79 per tonne decrease to UK Sugar Prices from Monday 08 December, and the USCR

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