| The import tariffs into the US are playing a big role in the market development at the moment. Due to the uncertainty around those tariffs, processors in the main processing origin, Vietnam, are reluctant to take positions on RCN. They are not sure what the market will do as US is one of their main sales markets. Also traders are reluctant to bring RCN from Africa to Vietnam because of this subject. Some smaller processors who could not make a margin with the current RCN/kernel prices decided to close doors for the time being and watch the developments before loosing more money. Most business for 2025 is covered obviously (as we have to count those days with 6-8 weeks lead/transit time) and will concentrate on Q1, 2026 which still have to be supplied out of current RCN availability. |
