FX Monthly movement
- US$/£ 1.42 from 1.39
- US$/ € 1.22 from 1.23
- £/€ 1.15 from 1.12
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 lack of good demand for forward contracts has permitted some commodities to continue a drift lower, but this action is likely to have a sting in the tail, since we are at planting time in the Northern Hemisphere, and with weak prices farmers will turn to alternative crops. We see this in several origins. The situation is further complicated in some reasons, particularly Northern Europe, where the wet spring has prevented farmers getting the land ready. This is becoming quite serious in certain places and will impact on harvests. If the weather does not improve rapidly soon, some crops will have missed the planting window, and potential tightness in supply will follow.
Brexit: With the announcement of a ‘transition period’ for trade tariffs, there is longer for us all to prepare. We are being asked increasingly our opinion on the impact of seed supply. For us it is quite simple, seeds are generally available form several regions of the world. The imposition of trade tariffs, if any, will potentially change the focus on the most price competitive origin. Quality/Technical considerations will need to be considered by clients, and global markets, particularly for niche products might adjust. But fundamentally we have alternate sources for all products. We will use this document as a general update page, as we see the situation develop.
Finally, we welcome a new member to our commercial team. Max Allen, who has been with us for several months, getting to grips with the mechanics of seed supply ‘the Unicorn Way’ has joined John, Nikki & Frank to focus on sales into the UK market. We have further development plans for our EU office, which we will advise later.
To remind all readers we have readily available in stock an increasing range of ancient grains and speciality seeds such as:
- Quinoa (red, black, and white) Amaranth
- Hulled buckwheat
- Comprehensive range of Organic variants
Finally, we have ideas and suggestions of a variety of alternative seeds for those looking for a little creativity!
In this report:
- Pumpkinseed kernels
- Sunflower seed kernels
- Sesame seed
- Hulled millet
- Poppy seed
Download the full report (PDF)
Archive reports can be found and downloaded from our Downloads page