Nuts

Pine nuts: delayed shipments and rising prices

October 20, 2020 3:57 PM, Der AUDITOR
Play report as audio

BEIJING. The situation on the Chinese pine nut market is becoming more acute. Raw material is becoming more expensive and some shipments are delayed.

Mainly small kernels in Mongolia

In the past two weeks, high demand led to significant price increases for raw material shipments from Russia and Mongolia. In addition, market players are reporting delivery delays due to the difficult coronavirus situation. This puts Chinese exporters under pressure and some of them are unable to fulfil their contracts on time or have to accept losses. In addition, Mongolian pine nuts are smaller than last year, which is why a large part of the crop corresponds to 1,100 pcs/100g instead of 950 pcs/100g.

C

View related articles

Go to the News Overview
Nuts
Aug 11, 2022
ORDU. The Turkish Ministry of Agriculture and Forestry has announced the production estimates for the new season, which have been eagerly awaited by market players. These are promising, as is the quality of the nuts.
Nuts
Aug 10, 2022
HANOI. The original plan of the Vietnamese cashew industry was to export cashews worth USD 3.8 billion in 2022. However, various difficulties mean that this export target is now to be revised downwards.
Nuts
Aug 10, 2022
KERMAN. After frost and drought, Iranian pistachio farmers are now struggling with the effects of heavy rains, which may have caused significant damage. Irrigation is also at risk as a result.
Nuts
Aug 2, 2022
ORDU. President Recep Tayyip Erdoğan’s announcement of the Turkish Grain Board’s (TMO) purchasing price for new crop hazelnuts caused a bit of confusion on Saturday. Although the state-run organisation clarified prices on Monday, traders do not think that the market will buy into them. Rumour has it that Ferrero has swiftly responded.