Czech poppy has enjoyed two good crops in 2014 and 2015 (23-24,000 tons and 25-26,000 tons respectively) and, when this is combined with generally poor demand, prices have unsurprisingly declined, and they look as if they could fall further.
All US production has declined by 1.5% to 19.3M boxes, which itself is a reduction of 7.9% from last season’s final production. The extent of the on-going decline in Grapefruit production can be seen by the fact that the February 2016 forecast represents a 33% decline since 2012-2013.
On 19th February 2016 Highlander Partners, L.P., a leading middle market private investment firm based in Dallas, Texas, announced the acquisition of Fuerst Day Lawson Holdings Limited ("FDL") in partnership with Chief Executive Officer Mac Mardi.
While the ownership has changed, FDL's commitment to customers remains stronger than ever. We look forward to working with our new partners to accelerate our positive momentum in the marketplace—driving growth by better understanding our customers’ needs and providing differentiation through product innovation and customer service.
The warm weather that has been affecting much of Europe this winter is having a detrimental influence on Polish berry fruit prices.
US$ - £ 1.4160
£ - € 1.2990
€ - US$ 1.0900
IR – US$ 68.13
RMB - US$ 6.5765
Over the course of last week, the US Dollar strengthened against a range of currencies – particularly those of emerging markets – although the US Dollar/Chinese renmimbi rate was essentially stable. The trend of a generally strong Dollar is expected to continue for some time yet: after a decline of 5.75% over the last year, renmimbi speculation appears to be moving to the forward market arena, with the Chinese currency quoted at 6.90 to the Dollar 12 months forward.
With only 6 days to go until Food Ingredients Europe in Paris, we at FDL are very much looking forward to seeing you there! We will be showcasing some exciting product launches with live NPD food demos on our stand.
Catering for the Bakery, Dairy, Confectionery and Beverage sectors - There really be will something for everyone! So please visit us on STAND 6P42 and grab a coffee and freshly baked muffin to discuss how FDL can help your product development!
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.
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