Permian frac sand prices continue to hold steady this week. FOB Kermit 100m prices remained flat and 40/70m prices rose by $0.20 per ton this week. FOB Odessa Northern White sand prices (in particular 40/70m) rose by $0.30 ton this week, suggesting a slight pickup in frac sand demand.
Managers of the Strategic Food Reserve (SFR) stated that they might not realize the target of buying four million bags of maize this season after farmers opted to sell the produce to millers who are bidding as high as Sh3,400 per 90 kg bag.
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Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.05 and $0.25 per ton each this week. FOB Odessa Northern White sand prices (in particular 40/70m) rose by almost $0.80 ton this week, suggesting a slight pickup in frac sand demand.
Kenyan animal feed producers have seen a decline in the yellow maize price as imports have seen prices in Nairobi quoted at KES 2,700 per 90kg bag compared to KES 3,200 per 90kg in June as suppliers that have been holding onto their stocks start releasing in order to avoid competing with more of the expected imported grain.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.05 and $0.15 per ton each this week. FOB Odessa Northern White sand prices remained flat again this week, suggesting continued limited demand for Northern White products in the Permian.
Kenyan millers and traders will continue to import maize over the next two months as the demand for the grain remains. Kenya currently consumes 4.2million 90 kg bags per month and the current price in Nairobi between KES 2,800 and KES 3,100 per 90 kg bag has bought pressure onto the market.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.10 and $0.15 per ton each this week. FOB Odessa Northern White sand prices remained flat again this week, suggesting continued limited demand for Northern White products in the Permian.
As the government recently cleared the vessels containing the imported Mexican maize, millers have now come out to request that 14 percent of the import duty be removed in order to make the maize grain more affordable.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.15 and $1.00 per ton each this week. The market for FOB Kermit 40/70m has tightened this week, with a slightly greater pickup in demand than expected relative to current production levels. This is evidenced by the widened 100m-40/70m spread at Kermit. FOB Odessa Northern White sand prices remained flat again this week, suggesting continued limited demand for Northern White products in the Permian.