Sugar prices to avoid dive despite better supplies

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Sugar prices are not set for sharp drop in 2011-12, despite a return to a healthy world production surplus, as countries – notably China – rebuild stocks depleted by successive years of squeezed supplies. The International Sugar Organisation, in its first official forecast for 2011-12, said sugar production would exceed demand by 4.2m tonnes, the…


Avoid VAT charges when selling wool to Ireland

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NFU Cymru is advising sheep farmers to check for tax implications when selling wool to Irish merchants. It has emerged that livestock keepers may be liable to a VAT charge on a sale unless it can be proved that the wool has left the UK within three months of being sold. HM Revenue and Customs…


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