Pine nuts: exporters have miscalculated

October 12, 2020 at 2:16 PM, Der AUDITOR
Play report as audio

BEIJING/MOSCOW. Chinese pine nut exporters have speculated very badly and according to market players will not be able to fulfil all of their contracts.

Raw materials remain expensive

Chinese pine nut suppliers were confident that Russian farmgate prices would come under pressure as new crops became available in Q3, falling to RUB 120/kg (EUR 1.32/kg) EXW. However, this was not the case. In addition to foreign demand, domestic demand also increased noticeably. As a result, instead of becoming cheaper, farmgate prices have risen in recent weeks from RUB 200/kg (EUR 2.20/kg) to currently RUB 280/kg (EUR 3.08/kg) EXW. Shipments of raw materials from Mongolia are also no longer an alternative, with p

View related articles

Go to the News Overview
Jan 30, 2023
NEW DELHI. The shortage of sesame oil is making many buyers in India and overseas switch to peanut oil as a popular alternative. The higher demand is also causing prices to rise. There is good news regarding import duties.
Jan 25, 2023
MADRID/SACRAMENTO. Although Spain’s almond exports received a boost in November, the dent in exports is still much higher than in California. Competition between Spain and California remains fierce with speculations on water supplies and exchange rates having top priority at present.
Jan 23, 2023
NEW DELHI. Farmers are in full control of India’s peanut market. Not only do they still hold more than 35% of all stocks but they also know how to play to their advantage. Artificial intelligence may also prove an asset in limiting aflatoxin contamination.
Jan 19, 2023
ORDU. Things have taken such a bizarre turn in Turkey that buyers have switched to other hazelnut producing countries such as Georgia, Azerbaijan or Italy. Drought will, in fact, have a lasting impact on production in Italy.