Oilseeds - Oilseeds

Pumpkin seeds: market about to turn

January 18, 2023 at 9:39 AM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Jul 22, 2024
NEW DELHI/AUSTIN. Although US growing regions in the Southwest have faced some heavy rains, growers in parts of Texas continue to face drought and water shortages. In India, prices could soon receive support.
Jul 18, 2024
CHRUDIM. Czech poppy farmers have sown a good 10,000 ha more this year than in the last two years. This raises hopes of a good crop, even though there are still concerns that the hot and dry temperatures could have a negative impact.
Jul 18, 2024
NEW DELHI. Indian sesame seed traders are struggling with high competitive pressure. Meanwhile, the sesame seed tender expected at the beginning of July has been delayed by a few weeks.
Jul 18, 2024
OTTAWA/BRUSSELS. Good crop prospects in Canada are putting pressure on mustard seed prices. Buyers are still holding back on enquiries.