FX Monthly movement
- US$/£ 1.38 from 1.34
- US$/ € 1.22 from 1.18
- £/€ 1.13 unchanged
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, potential political uncertainty in EU with a coalition attempt in Germany and further elections in Italy, all have an impact along with the endless Brexit speculation of trade agreements.
Generally, we see forecasts for £/$ for 2018 around the 1.33, £/€ at 1.09 and $/€ at 1.22, with further US dollar weakening in 2019
2018 has started slowly in seed markets generally after a busy few months at the end of 2017. Generally, the supplying nations are suffering poor demand, and this is permitting prices to drift lower or stay stable. We feel this is a hangover from the cheap levels possible from last years harvest and long covering by many consumers at that stage. This cannot last forever, so when demand returns to the market, as it has in some cases already, we fully expect correction in all commodities. Obviously, the weaker US$ has also hidden some increases when converted to domestic currencies.
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 NEW YEAR 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