Market Report: September 2018

FX Monthly movement

  • US$/£ 1.29 down
  • US$/ € 1.16 unchanged
  • £/€ 1.11 down

The pound is in deep shadow due to the lack of progress on Brexit, and the increasing likelihood of a hard Brexit.  Meanwhile the US dollar appreciates due to a further potential escalation in the trade wars with China, and the suggestion that the USA may withdraw from the WTO and Canada does not need to be in the NAFTA. With a potential leadership challenge possible, and certainly strong criticism due at the Conservative party conference at the end of this month, there is potential for Sterling to weaken further.

General news

Generally, prices are at higher levels now that harvests are being collected. Yields are down, quality is poorer and availability tight. We do not see much potential downwards, and with the strong US dollar, a double impact can be expected. Of course, a stronger dollar does assist exporters so there will be some off set in raw material prices on export, but this will be less than the importation impact.

IBA 2018 logos over a photo of some bread

We are exhibiting at IBA 2018: Meet with us at stand A4.57

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

In this report:

  • Pumpkinseed kernels
  • Sunflower seed kernels
  • Linseed
  • Sesame seed
  • Hulled millet
  • Poppy seed

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1809-Unicorn Market Report-September 2018 (0.2 MiB, 146 downloads)

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