Nuts

Pine nuts: demand-driven price correction

July 8, 2020 11:18 AM, Der AUDITOR
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PEKING. Export prices in the Chinese pine nut market were corrected due to changes in demand.

Export price falls to USD 15,500 per metric tonne

Buyers are currently showing little interest in pine nut deliveries from China and the lack of demand has caused export prices for Pinus Sibirica, 950 psc/100g to drop from USD 16.600 per metric tonne CIF Hamburg to USD 15.500 per metric tonne CIF Hamburg. Market players do not expect the buying interest to increase again soon, and are expecting a decreasing price trend in the near future.

2020 shows plus in imports

In the first eight months of the 2019/2020 season, Germany imported a total of 3,444 metric tonnes of pine nuts (08029050 Pine "Pinus spp." nuts, fresh or dried, whether or not shelled or peeled), about 6.1% less than in the first eight months of the previous season. However, it should be noted that, despite the coronavirus crisis, shipments from China and Russia from January to April 2020 increased by 15% to 1,461 metric tonnes and by 438% to 242 metric tonnes respectively.

Pine nut imports to Germany, in mt

Country

2018/19

2019/20

Diff.

China

3,134

2,746

-12.4%

Russia

112

440

292.9%

Turkey

130

188

44.6%

Pakistan

78

15

-80.8%

Italy

20

13

-35.0%

Spain

43

7

-83.7%

Netherlands

102

2

-98.0%

Portugal

45

2

-95.6%

Others

4

31

675.0%

Total

3,668

3,444

-6.1%

German Federal Statistical Office; Sep-Apr

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