Me and My Factory
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Shepcote is a £12.5M turnover company – £9.5M of which is the ingredients business.
The company mainly handles nuts, dried fruits, beans and pulses on site, while bulk sugar is delivered directly by the refiners.
“Sugar is traded in euros, so at the minute we are having a particularly difficult time trying to pass price increases on,” said Shepherdson.
“However, EU sugar quotas are being removed on October 1 this year, and we are expecting to see prices to reduce from then.”