FX Monthly movement
- US$/£ 1.27 down
- US$/ € 1.12 down
- £/€ 1.12 unchanged
Who knows! Trade sanctions/war (China-USA), midterm elections, Non-acceptance of EU country (Italy v Brussels) budgets, no Brexit agreement, possible leadership challenges, declining stock markets, downgrading of EU credit ratings to one level above a junk bond! Plus, the threat of UK/EU recession. All lead to global uncertainty and volatility. For sure the US dollar is fairing the best, but this softens some increases at export for some commodities and firms’ prices on import for others.
Of course, if Brexit gets sorted, the sun comes out and Sterling could very well rebound dramatically against both Euro and US dollar.
Rapidly changing markets have been the focus for the past month, with many reacting as we anticipated, others waiting for further stimulus. The SIAL fair always acts as a catalyst as the spread of information on markets sets buyers and sellers on the same course. With lots of talk about trade barriers, hard Brexit and some natural disasters, prices are volatile and supplies fragile. 2018 is a very different season to 2017 and we already anticipate 2019 to be more challenging for a variety of reasons we will gradually explain in the coming months.
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