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.
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.
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