March 8, 2017
The global market remains firm for the first few months of the 2017 calendar year. Vietnam is slowly acquiring more raw materialsfor processing, however this is still hand-to-mouth because of fears prices could fall quickly. The kernel market remains firm as global buyers continue to have interest in prompt containers to avoid covering too far forward. Any correction in pricing is only likely to materialise with a significant injection of supply which is unlikely to happen until Vietnamese new season and African new season raw seed is available in the coming months.