REPORTS

It seems the EU’s “looming pressure” is finally having an effect (which we all thought it would have in Dec17). The outlook for the H/K London is seemingly negative with talk of a tough environment for physical marketing with EU warehouses “stacking up” (ie if its not against the H18 then its K18 or Q18, before new crop) and a pressure to find homes in new local markets where there are decent crops online or expected (eg Pakistani whites surplus).