Sugar prices to avoid dive despite better supplies


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


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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