Menthol prices have strengthened during November with the MCX closing on November 24th, 2015 at Rps 1038.7/kg, an increase of 1.1% since our last report in October.
- US$ - £ = 1.5330
- £ - € = 1.3900
- € - US$ = 1.1030
- IR –US$ = 64.95
- RMB - US$ = 6.3530
The FX markets were dominated last week by two separate, but very related events:
Firstly, the European Central Bank’s signalled that it would expand its €1.1tn QE programme in December and it also raised the possibility of cutting its deposit rate should the continuing slowdown in emerging markets threaten the Eurozone’s economic recovery.
The USDA has recently published its October 2015 forecasts. Total US orange production (all grades) is forecast of 5.77m tons, down 10% from the final 2014-2015 crop, with Florida production (all grades) forecast at 3.6m tons, down 17% compared to last year, and the lowest estimate since 1963.
FDL will be exhibiting at FIE in Paris this year!
1-3 december 2015 - Stand 6P42
Despite a smaller UK crop over the last few years, total world supplies of Linseed for the 2015-2016 season is forecast to increase by 4.7% to 2.65 million MT on account of large increases in production in all origins apart from EU-28.
- US$ - £1.5560
- £ - €1.3740
- € - US$1.1310
- IR - US$66.65
- RMB - $6.3680
The strength of the US Dollar over the last 12 months has reduced the competitiveness of US farm products in international markets. The parallel decline in oil prices, coupled with the anticipated increase in US rates, has resulted in the weakness of currencies of many developing countries:
This year’s strong El Nino has already impacted on the Thai pineapple industry. As previously reported, Thailand has suffered a prolonged drought – at least until the end of August – and this has impacted on the production of pineapple.
Instasweet is a Reb-A functional sweetener without the aftertaste! It removes the lag in perception of sweetness typical of Stevia and minimizes the lingering liquorice after taste, by incorporating electrolytes and flavour masking components.
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