Nuts

Pine nuts: exporters have miscalculated

October 12, 2020 2:16 PM, Der AUDITOR
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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

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