Reference prices on the rise
Although spot market enquiries are rather subdued, the traders in China are looking for raw nuts to meet existing contracts. There are, accordongly, only few offers for exports and the reference prices for Pinus Sibirica, 950 psc/100g have risen from below USD 13.00 per kg CFR Hamburg to USD 15.50 CFR Hamburg. Further price rise cannot be ruled out until the new crop arives.
Sharp rise in production expected
The INC is reckoning with a sharp rise in production this year, after last year's declines. Produc