Nuts

Pine nuts: raw material is becoming scarce

August 3, 2020 11:34 AM, Der AUDITOR
Play report as audio

BEIJING. Limited pine nut supplies have impacted the reference prices in China. To make matters worse new crop will only arrive in October

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

View related articles

Go to the News Overview
Nuts
Jan 20, 2022
SACRAMENTO. Transport problems had caused many US exporters to miss the important Christmas business. High prices had also initially deterred buyers, but have now returned to a more attractive level.
Nuts
Jan 19, 2022
SACRAMENTO. As logistics are still an issue US almond exports have slowed for the fourth consecutive month in December. Total shipments declined by 17% between August and December.
Nuts
Jan 19, 2022
HANOI/NEW DELHI. Even though prices for Indian cashews are approaching a more attractive level again, suppliers there will have a hard time keeping up with the competition from Vietnam and African growing countries. Vietnam achieved a new export record in 2021.
Nuts
Jan 12, 2022
SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.