Oilseeds - Oilseeds

Pumpkin seeds: the unstoppable rise in freight rates

July 6, 2021 2:12 PM, Der AUDITOR
Play report as audio

BEIJING. During the summer months, spot purchases in the Chinese pumpkin seed market are rather rare, and the seemingly unstoppable rise in freight costs in recent months also makes exports from China less lucrative for foreign buyers.

Freight costs exceed USD 8,000

At the beginning of the year, prices for a 20' FCL from China to the EMP had first climbed to a record level of USD 4,000, and since then prices have doubled again. It currently costs up to USD 8,000 to ship a 20' FCL from China to Hamburg. The worldwide container shortage that has been going on for months, triggered by the coronavirus pandemic and fuelled by the accident of the "Ever Given" in the Suez Canal at the end of March, is taking its toll and market players do not yet dare to speculate when prices will finally

View related articles

Go to the News Overview
Oilseeds
Oct 18, 2021
NUR-SULTAN/OTTAWA. Prices remain high in the international flaxseed market. Last year's profits enable farmers in Kazakhstan to hold back supplies and drive up prices. A high degree of uncertainty has gripped the market.
Oilseeds
Oct 18, 2021
BEIJING. Last week, speculators took a break in commodity buying. However, this lasted much shorter than market players had expected. This also has an impact on export prices.
Oilseeds
Oct 13, 2021
CHRUDIM. After long delays, the majority of the Czech poppy seed crop is finally available on the market. However, demand is high, which is why prices are stable for the time being. August exports were significantly higher than last year.
Oilseeds
Oct 13, 2021
SOFIA. Bulgarian sunflower seed traders are looking at the current developments in the bakery market with growing despair. Hardly anyone believes that prices will soon reach a level similar to that of the last few years.