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Market Reports

2019 Archive

Market Report - December 2019

Tanzania 2019 crop has been auctioned as expected and average auctions have been at $1,600 - $1,650 USD/MT. The last 20% of the crop is still to be auctioned, which is of lower quality and expected to be discounted accordingly...


Market Report - November 2019

With supply of RCN from West Africa coming to an end, Tanzania’s new crop flow started well as expected and government resorted to the earlier system of auctioning. The trading price is at $1,700 - $1,750 USD/MT, around $100 USD/MT higher than expectation and is keeping the markets firm. Mozambique’s new crop also is as expected and trading between $1,350 - $1,400 USD/MT levels...


Market Report - October 2019

Supply of RCN from West Africa continues as expected with a total of 1.85mn MT exports by the end of September. Post-evacuation of the 2018 crop to port, Tanzania’s government has gone back to earlier system of auctions for the 2019 crop. With Tanzania’s 2019 crop expected to be normal and Mozambique crop also expected to be good, RCN supply will continue to support processing...


Market Report - September 2019

RCN supply from West Africa continues as expected with a total of 1.75 million MT exports by the end of September. Tanzania’s government finally started selling the 2018 crop in August and shipments have been slow, leading to firmness in RCN prices. Current price levels are $1,250 USD/MT (for IVC 45 KoR) compared to $1,100 USD/MT a month back. However, the kernel market is stable to silent with no movement in prices...


Market Report - August 2019

RCN supply from West Africa continues to be normal and 1.6 million MT raw material supply is expected to flow by end of August. Tanzania’s situation looks likely to resolve in the next few weeks and supply will keep the prices stable. For the last month RCN prices have been stable at 1,100 USD/MT (for IVC 45 KoR)...

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