Market Report: October 2018

FX Monthly movement

  • US$/£ 1.30 up
  • US$/ € 1.16 unchanged
  • £/€ 1.12 up

Currently, US trade negotiations, whether it is the imposition of tariffs on seeds from China or a re-writing of the Mexican-USA-Canadian trade agreement, impact on global currency markets. If this was not enough, the continued impasse in Brexit negotiations, and political and financial instability in Italy, keep the markets uncertain of direction. If Italy becomes the new Greece requiring EU bailout, we could see significant weakening of the Euro. We believe they will go to all lengths to avoid this. So, the conclusion – no one really knows what is in store, it is all speculation fuelled by media unaccountable opinion.

General news

SIAL: Insoire food business. 21-25 October 2018 – ParisSIAL 2018: Whilst not exhibiting we are attending, please contact us prior to the event to make an appointment.

To arrange a meeting please email: info@unicorningredients.com 

The IBA show was busy for us meeting old and new customers. It was a pleasure meeting everyone. Meanwhile markets have taken the course we have been warning of for some time and more or less all increased in price. Some of the movement has been tempered by changes in US dollar rates of exchange. So, for instance in India the rupee has weakened against the dollar, keeping export prices lower than they could have been. But seeds are firm and 2019 shows no real indication of future weakness.

The issue surrounding allergens remain of concern. How to manage potential cross contamination at farm level within the food chain, of isolated incidents that get through despite everyone’s efforts are the problem. It is impossible to guarantee that every farmers store, haulier’s lorry etc. does not carry the risk of introducing a contaminant that might be a single grain of an allergen.

Organics are also concerning us this season. With a significant reliance on China as a source, we are seeing challenges in the supply chain due to a change in the certifying bodies causing some suppliers to drop out of the business. Of course, the apparent cross contamination with pesticides through field drift is also a problem this season. Expect higher prices and supply challenges.

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)

1810-Unicorn Market Report-October 2018 (0.2 MiB, 63 downloads)

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