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Pumpkin seeds: exporters demand advance payments in China

April 28, 2020 11:44 AM, Der AUDITOR
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PEKING. Financial problems have prompted many pumpkin seed exporters in China to only sell against advance payments. This, however, makes buyers hesitate. Demand has also slumped in the domestic market.

Exporters in financial distress

The pumpkin seed market is still severely impacted by the coronavirus pandemic. Market palyers report that overseas demand has slumped and virtually no business is being conducted. Most exporters are experiencing severe financial problems. Concerns over problems in accepting containers in the ports or that customers may not be able to pay have prompted many exporters to demand advance payments. The downside, however, is that interested buyers are discouraged. Shine Skin kernels are trading in a firm range of USD 3,300-3,590 per metric tonne CFR Hamburg, depending on supplier. GWS kernels have, however, declined in price, a trend which is set to continue over the next few weeks.

Pumpkin kernels, China

Type

USD/kg

GWS, grade A

2.77

GWS, Grade AA

2.89

GWS, Grade AAA

3.22

Shine Skin, Grade A

3.05-3.18

Shine Skin, Grade AA

3.30-3.59

CFR Hamburg

Subdued domestic demand

The situation in the domestic market is also anything but encouraging. Unhulled kernels are most commonly sold here, which are frequently roasted with skin. Demand is, however, exceptionally low. Most foods are usually bought in local supermarkets. The restrictions amid the Covid-19 pandemic have, however, unsettled many citizens and buying has shifted to online retailers. Sales are, nevertheless, lower here than in the supermarkets.

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price chart pumpkin kernels, GWS, grade AA, China
price chart, pumpkin kernels, Shine Skin, grade AA, China
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