Market Report: June 2018

FX Monthly movement

  • US$/£ 1.33 from 1.36
  • US$/ € 1.17 from 1.20
  • £/€ 1.14 unchanged

Well the focus has been split between the inevitable Brexit scenario and lack of clarity of trade arrangements after March 2019, the G7 conference that ended badly and increased the threat of trade wars, and the historic summit in Singapore on Tuesday. In between political turmoil continues in Italy, and their possible future in the Euro and even the EU. Despite this the ECB is clearly indicating it wishes to stop its asset purchasing scheme. Otherwise EU industrial production is increasing slightly along with inflation.

In the US, the Federal Reserve is expected to go for another interest rate hike, adding some strength to the US Dollar, particularly since further increases are being indicated throughout 2018.

For Sterling, Brexit is the issue, and whether the PM can achieve some form of consensus from Parliament to proceed with negotiations. The customs union and Irish border issues being matched by how much influence Parliament has on the final Brexit deal. With an EU summit next month, clarity is desperately needed on these matters.

General news

It looks very much like Eastern European weather is impacting on a lot of products now. Whilst we are in the ‘silly season’ between harvests, there is a general air of price rises around.

Other issues impacting on the trade are the unrealistic default levels by the EU for pesticide/herbicides. Also the approach to allergen contamination in seeds. Whilst these can be controlled from origin processor/cleaners site through to customer, it is impossible to totally exclude cross contamination of the odd grain from farmers harvesting machinery, trailers, warehouses and transportation to the origin cleaner. Whilst the clear majority should be removed, it is always possible an odd grain passes through. Whilst the product is to all intents allergen free and analysis will confirm this, there must be some reasonableness applied.

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
  • Kalongi
  • Chia
  • 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
  • Linseed
  • Sesame seed
  • Hulled millet
  • Poppy seed

Download the full report (PDF)

Unicorn Market Report-June 2018 (67 KiB, 122 downloads)

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