Pine nuts: prices will keep increasing

November 24, 2020 2:26 PM, Der AUDITOR
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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.

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