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Pumpkin seeds: farmgate prices continue to decrease

March 21, 2022 3:54 PM, Der AUDITOR
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DALIAN. Commodity prices for shine skins have now reached such a low level that suppliers are recording losses in some cases. Meanwhile, speculators are pursuing a plan that could easily backfire.

Speculators could miscalculate

There is currently a lot of movement in shine skin prices. Average farmgate prices have dropped to CNY 16.8/kg, while the largest speculator, who still has up to 50,000 mt in his warehouses, is asking CNY 17.8/kg. However, Chinese traders report that the production price is around CNY 19/kg, so suppliers are already making losses. Speculators would prefer to wait until the smaller traders have sold out and then demand higher prices, but this plan is unlikely to work out. Demand is low and there are still over 40,000 mt of shine sk

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