FX Monthly movement
- US$/£ 1.22 down from 1.25
- US$/€1.06 down from 1.07
- £/€ 1.15 down from 1.17
The main item being talked about at present is the inevitable interest rate hike in the USA, and this has been the cause of the recent realignment of Sterling to a 7-week low. The triggering of article 50, must occur within the next 3 weeks, so how low can the pound go, or is this fully factored into the current rates?
Some commentators are talking about a likely ‘flash crash’ of Sterling against the Euro and the US Dollar when article 50 is triggered.
Prices in the UK are increasing, some reports indicating by as much as 3.3%, and growth is stalling, so is the UK economy heading for stagflation? In the Eurozone growth, has however hit a six-year high, with private sector performance increasing in all four of the major economies.
Well the silly season is upon us, where we are exactly between most crops. So last season is all over and it is too early for next seasons news. Crops are yet to be planted, and everything is out in the market and the status established.
We are seeing increased interest in speciality lines of: Buckwheat, Quinoa, Chia, Hemp, Amaranth, Kalongi etc. Also, our sales of Organic seeds, continue to push forward with China the primary origin, but some East European options too. We would advise that currently the differentials between conventional and organic product are at the smallest seen, so organic looks particularly good value at present.
IFE 2017 – Unicorn will be there! Please come and visit us on stand N1420
In this report:
- Pumpkinseed kernels
- Sunflower seed kernels
- Sesame seed
- Hulled millet
- Poppy seed
Download the full report (PDF)
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