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Pumpkin seeds: market about to turn

January 18, 2023 at 9:39 AM , Der AUDITOR
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DALIAN. Chinese New Year has largely subdued trading. The national seven-day long holiday starts on 21 January and ends on 27 January, after which traders expect the prices for pumpkin seeds to shift.

Strong yuan sparks concerns

Many companies and factories have already closed for new year to enable their workforce to travel from the cities to their families living in rural areas. Trading will revive again at the end of January. Judging by the current demand in the domestic and overseas markets, prices will, however, only come down slowly.

Yet, exporters are mainly worried about the exchange rate as the Chinese yuan has gained considerably against the US dollar since mid-December. Although the yuan has devaluated against the US dolllar again in recent day

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