Oilseeds - Oilseeds

Pumpkin seeds: speculations are at their peak

September 21, 2020 11:49 AM, Der AUDITOR
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BEIJING. Market players report a run on the new GWS crop. Pumpkin kernel prices have surged.

HIgh prices versus low demand

Speculations are rife in the GWS kernel market since production ranges much lower than Shine Skin production. Traders are said to have purchased the first arrivals from Xinjiang very quickly and farmgate prices have climbed from CNY 14.00/kg to CNY 15.50/kg. Arrivals are expected to pick up over the next few days and traders reckon that the buying frenzy will continue for the time being. Although speculators may try to nail prices down at higher levels in the long run, low export demand should weigh on prices for overseas shipments. GWS

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