The BPMA have issued concern over US dollar rates as follows:

Further to a meeting of leading industry suppliers that was held last week, the BPMA have been asked to advise its membership, of the pressure that suppliers of imported goods paid in USD$, are facing.

Whilst the majority of professional suppliers have so far resisted publishing a new price list, with the hope of addressing this in January, it is now apparent that they are no longer in a position to sustain existing prices any longer.  Distributors should be aware that there are price increases on the way, and should show a level of understanding of the necessity to do so.

The BPMA works with chosen provider Moneycorp for competitive exchange rates. You can read their commentary on the effects of the dollar rates by clicking here.

Published on: October 10th, 2016