In June some surprisingly large Vietnamese RCN import volumes were revealed. Some of these numbers have since been questioned, with a wide range of explanations offered to discredit them. How accurate the imports are remains to be fully understood but it is clear that these numbers had a negative impact on kernel prices in June. Kernel prices eased for the majority of the month. However, at the end of June this trend appears to be reversing with prices on the way back up. The increase is driven this time by a sharp increase in RCN prices. This seems illogical given the large volumes from West Africa that have just started arriving. However, with so much raw material in the hands of big traders they are temporarily having some luck in pushing prices up.

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