MSM Market Highlights

MSM Market Highlights | 15 June 2026

Public highlights from MSM Market Update | 2026-06-15
Supplier offers softened across most kernel styles while larger NIS categories held firmer as China access expectations continued to shape market behaviour.

What Changed

Supplier pressure is building

Recent supplier offers are trending below year-to-date and year-on-year levels, with South Africa and Kenya most exposed.

Kenya remains under strain

Growers are again pushing for the raw export ban to be lifted as processors struggle to absorb the crop and farm-gate prices remain weak.

Larger NIS holds firmer

Larger in-shell categories are showing better support than smaller categories as tariff-free China access starts to reshape trade expectations.

Origin spreads are widening

Australian-origin pricing is holding firmer than South African and Kenyan levels, pointing to clearer origin separation.

FX and freight remain a margin risk

Currency moves, fuel costs, insurance pressure and route disruption continue to weigh on exporter and grower returns.

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