Pine nuts: prices will keep increasing

November 24, 2020 at 2:26 PM, Der AUDITOR
Play report as audio

BEIJING/ULAANBAATAR. After the decision of the Mongolian government to stop all raw nut exports to China for the time being, some Chinese pine nut traders have again massively increased their prices this week.

Deliveries could be several months late

Although some of the goods have already been paid in advance, some Chinese pine nut traders do not know if and when they will receive deliveries from Mongolia again this season. Negotiations are currently underway to determine whether the already paid raw nuts will still be delivered. In addition to Mongolia's export restrictions, the extensive pandemic-related border closures between China and its neighboring countries Russia and North Korea, as well as Mongolia, are also hampering the raw nut trade.

It is d

View related articles

Go to the News Overview
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.
Jan 18, 2023
TEHRAN. Frustration and anger are growing with Iran’s government. Suppliers are now actively blaming the government for losing market shares for pistachios. Exports have, in fact, slumped by 75%.