Oilseeds - Oilseeds

Pumpkin seeds: traders make drastic price adjustments

May 13, 2020 3:15 PM, Der AUDITOR
Play report as audio

PEKING. The calm market situation caused some Chinese pumpkin seed traders to lower their prices significantly this week - with moderate success.

Too expensive despite price correction

According to their own statements, some Chinese exporters are again receiving significantly more enquiries for pumpkin seed shipments, also from Europe. Nevertheless, sales hardly take place. Some traders have lowered their prices several times this week, so that pumpkin seeds, shine skin, grade A are now sold from USD 2.87 per kg CFR Hamburg. Other suppliers are sticking to their official offers, but are willing to negotiate if there is concrete interest.

In particular, good sales at the domestic market and lower production volumes had led to a rapid and significant increase in prices of grade A kernels this season. Even after the price correction, shine skins, grade A are still a good USD 500 per metric tonne more expensive than last year at this time, while grade AA kernels are slowly approaching last year's level. A similar development can be observed for GWS seeds.

Pumpkin kernels, China

Type

USD/kg

GWS, Grade A

2.77

GWS, Grade AA

2.89

Shine Skin, Grade A

2.87-3.18

Shine Skin, Grade AA

3.30-3.59

CFR Hamburg

Speculating on organic goods

The sale of organic pumpkin seeds is also difficult this season, but for different reasons. As Chinese organic goods do not meet EU standards, traders are turning to customers from the USA, among others, with their offers. Meanwhile, the first price indications for organic pumpkin seeds from this year's crop are already circulating in the market: organic GWS kernels, grade A are at a level of USD 3.13 per kg CIF Hamburg and organic shine skins should be available for USD 3.14 per kg in the new season. However, for most exporters it is too early to commit to prices and they put their customers off until August/September.

View more information
price chart pumpkin kernels, GWS, grade AA, China
price chart, pumpkin kernels, Shine Skin, grade AA, China
- more price charts

Attached Files

File icon
Price chart pumpkin seeds, GWS, grade AA
File icon
Price chart pumpkin seeds, hulled, Shine Skin, grade AA

View related articles

Go to the News Overview
Oilseeds
Nov 25, 2021
NUR-SULTAN. Last week, the Asia Grains&Oils Conference took place in Kazakhstan. Market expert Evgeny Karabanov from the Kazakh Grain Union (KGU) presented the current estimates for the Kazakh Flaxseed crop of 2021.
Oilseeds
Nov 25, 2021
CHRUDIM. The Czech blue poppy seed market is quiet and price corrections comparable to those in the last weeks of last year are not to be expected. Enough raw materials should be available, although the partly low quality is emphasised again.
Oilseeds
Nov 24, 2021
SOFIA/KIEV. As Russia is currently not supplying any raw materials, Moldova is by far the most important third-country sunflower seed supplier for the EU. Both Russia and Ukraine were able to achieve very good crops this year. In Bulgaria, the high prices keep the market quiet.
Oilseeds
Nov 23, 2021
BEIJING. The Chinese pumpkin seed market is lacking demand, while speculators have had little success so far. The approaching Christmas holidays and Chinese New Year should ensure that there are only few price corrections in the export market.