Kernel prices in January
创建于04.06
Kernel prices performed well in January, rising beyond the strong recovery in prices seen during 2024. Some early trades were observed despite this upward movement in prices. While there are concerns expressed at a continued rise in supplier prices, the global market is characterised by shortages that are keeping prices buoyant. Carryover stocks are very low while some buyers in Europe and the United States do not yet have their positions covered for the 2025 season. Further, it is not clear to what extent Kenya will supply the market during the first quarter because of regulatory uncertainty as its government tries to balance farmer and processor interests. These factors may leave buyers exposed until well into the second quarter when South African and Australian product comes to market. Sensing opportunity, suppliers have been slower to make significant early commitments this year while they have been bold in their offers.