Nuts

Pine nuts: delayed shipments and rising prices

October 20, 2020 3:57 PM, Der AUDITOR
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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.

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