Pine nuts: prices continue to rise

November 19, 2020 10:44 AM, Der AUDITOR
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BEIJING. The shortage of raw nuts as well as the Covid-19 situation are causing the prices for pine nuts to continue to rise; they increased by more than USD 2,000/mt in the course of this week. Market players do not see an imminent end to these difficulties.

Still no raw nuts

The pine nut market seems to be almost frozen at the moment, which is mainly due to the fact that Chinese producers have almost no possibilities to obtain raw nuts. Both Mongolia and Russia are holding back their shipments to China. One reason for this is that both countries are currently severely affected by the coronavirus pandemic; in the case of Mongolia, this is compounded by the fact that no export licences for pine nuts are currently being issued. The country is currently working on improving the value chain in such a way that high

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