USCR Update: 27th August 2020

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.89505 creating a positive monetary gap against the current artificial USCR (£0.90875) of 1.508%, outside the +/- 1% threshold. Therefore, there will be a -£5.54 per tonne decrease to UK Sugar Prices from Monday 31 August, and the