Where are we heading?
With yields up and prices down there are mixed opinions as to where the agricultural sector is heading. Lamb and milk prices remain low, as do grains (which has been partially attributed to the slowdown in the Chinese economy), although beef has shown marginal signs of improvement recently. The Sterling/Euro exchange rate has however moved against the pound, providing a glimmer of hope for the future BPS exchange rate, which is due to be averaged over the month of September. So what else is going on?