There have been further hits to currency as a result of the uncertainty surrounding Brexit negotiations and the general lack of confidence in the UK economy. This has not helped already high commodity prices which are pushing up the prices of branded goods as well. On the positive side these rises are happening across every sector so our trade is not seen in a bad light as a result.
Brazil nuts are impossible to source now and we expect to go out of stock when stocks are exhausted. The new crop is in May 2018 and until that time please note that mixes that contained Brazil nuts now contain replacement ingredients.
This list sees the introduction of the fabulous Austin Austin personal care brand. I’ve been working with my daughter on this for the last year and it’s turned out rather well. Fully certified Organic by the Soil Association and COSMOS these hands, hair and body products bring some style, aesthetic merit and good cheer to this list. Well done Bessie.
Lastly, our Transport Manager, Martin has worked out a way of greatly increasing our ability to deliver chilled goods so if you are one of those customers who has been limited for these goods please note that we have sorted this problem out.
Richard Austin opines:
Almonds: Estimated new crop is around 1 million tonnes which is good and could lead to an easing of prices if these figures are realised. Brazils: There is no crop and the future of some factories will be in doubt. Any available stock is being traded at astronomical prices. Cashews: Transfer demand from Brazils could hold prices a little higher than they would otherwise be. Hazels: Around 700,000mt is the latest guess on the new crop as weather has been good. The state of the Turkish lira is the least certain factor in the price of this commodity. Pecans: There is cautious optimism for the new crop although adverse weather from October could change this. Demand remains high. Walnuts: Strong crops in California and China seem to have fed increased demand rather than lower prices. Eastern Europe material gets better every year and Chile is also a player these days. Sooner or later these prices ought ease. Raisins: Broadly prices are stable in this market with a strong crop expected. Worries about currency are the only cloud in the sky. Apricots: Thankfully the time for surprise frosts has passed and a good crop is expected with a carry over of around 20k mt so prices should stay at a reasonable level or even ease a little. Pinenuts: New crop is November-time and it remains to be seen whether the present lower prices will remain. Is it a new level or is a correction due? Sunflower: The crop has been very big so even where there is good quality prices should stay quite low. There are not an unlimited number of processors and this part of the process could lead to agreements unfavourable to buyers. Pumpkin Seed: China tends to manipulate this market and is incentivising farmers to switch to other crops which will increase prices. Present prices are in the cheap part of what is a regular cycle so expect increases.