Further declines possible
Shine skins are trading lower with raw kernel prices ranging at CNY 17.50/kg. The domestic market is bustling with activities and processors are very busy in the run up Chinese New Year. High demand is supporting the market. As most companies will be closed around new year prices should remain firm. Demand is, however, expected to decline after business resumes again, which should also prompt prices to fall in the next few months.
The prices for A grade shine skin kernels presently range at USD 4,100/mt CFR EMP and for organic kerne