US dollar strength and continued uncertainty over Brexit dominate the FX markets currently. US/China trade sanctions are being watched carefully as the two countries try to resolve this issue. In the UK the possibility of interest rate increases has receded, and this has contributed to Sterling’s slide. The Euro has lost momentum after a slowdown in growth figures, although declared as temporary by Draghi. The question therefore remains as to when the EU economy will ‘normalize’ and this time frame seems to be moving ever backwards …
With both BRC and Soil Association accreditation under its belt, Unicorn is constantly striving for total integrity in its sophisticated supply chain. Unicorn Ingredients can offer its customers a gold standard suite of assurances, as it boasts BRC for Agents & Brokers accreditation as well as Soil Association organic certification.
Back in 2016 Unicorn Ingredients decided to open a new office in Germany, staffed by experienced local professionals, to serve its developing customer base on the Continent. Three years ago, Unicorn Ingredients sales in Continental Europe had been showing steady and sustained growth. The company had four warehouses in Europe and decided that the market […]
Unicorn has had a relationship with South America since the company was formed 12 years ago. Due to the global health craze phenomenon, seeds from the region have been increasingly in demand. The region has the perfect climate for seed production and can boast the production of high quality products. It is therefore a natural source of premium products that Unicorn sell – the region produces some of the highest quality chia, quinoa and sesame.
Chia (Salvia hispanica) is a flowering plant native to Southern Mexico and Guatemala. Globally, 80% of the Chia grain seed supply is produced in Latin America countries due to the regions favourable climate, with the rest coming from Australia. However, some African countries are emerging as producers. Chia seeds are not typically grown in Europe. The seeds of the chia plant are small and speckled black, brown, white and grey with a crunchy texture and slight nutty aroma. Black chia seeds from Nicaragua are very rare. The length of the growing cycle for chia seeds varies based on location and is influenced by the height of the land, but is usually between 100 – 180 days.
With Chemical attacks in Syria, poisoned Russians in Salisbury and an escalating trade war between USA & China, forecasting currency movements is even more difficult than usual, but with the USA in the centre of most issues, the US dollar is suffering most. The uncertainty is firming the oil price too, as repercussions from this region would seem possible. The Turkish lira, Russian Rubel are all falling and with China accused of devaluing the Yuan as a weapon in the trade war battles. There is some speculation that the EU will now soon end its quantitative easing program permitting EU interest rates to rise. But at present this is still rumour, not fact.
The weak US$ has impacted on most export prices in past weeks, but obviously the opposite impact is the more favorable rates for conversion into Euro’s and Sterling. Otherwise the markets are somewhat starved of news. Speculation around Brexit talks, and Trump administration auction of $ 250 billion of US government bonds and who has bought them. Of course, the endless chain of resignations, and speculation around the administration also adds gossip to market tendencies.
Since the beginning of 2018 the US$ has faired badly and both Sterling and the Euro have made strong gains. This is partly due to other regions hinting at rate rises to match the US treasury, hence taking potential forward strength out of the dollar. Weakening inflation in UK, non-approval of US budget by congress, […]
Season’s greetings from our favourite football team, the SL Unicorns. A quick update and hello from the SL Unicorns, pictured here at the club’s Christmas party. Since 2012 we have been supporting local football in Freetown, Sierra Leone, with contributions toward kit and training facilities as well as sponsorship for some of the boys to attend […]
We would like to extend our thanks and to all who chose to enter the competition and support our fundraising efforts: so far we have raised over £8,500