Price stalemate in the Chinese Pumpkin Kernel Market

Dalian: The high temperature in the south continues. The sales in domestic and foreign markets are slow. The demand is reduced, and the price is deadlocked. The price of raw materials for pumpkin seeds was stable. Market players reported that traders’ price-protection mentality continued due to the reduction in acreage in the new season. Some traders also reported that the shortage of raw materials led to higher prices. Instead of rushing to clear inventories, producers are in an attitude of wait and see to see how market demand changes. The fall in the euro exchange rate was also a key factor in the decline in European imports. Good news for exporters if prices remain high. In addition, European and American sea freight rates are temporarily stable. Food shortages in Europe are an opportunity for exporters when new arrivals enter the market. Exporters want to reduce procurement costs and improve the market. Stay up-to-date on market changes before the new season goes on sale.

Current Market Price in FOB Dalian, China for Pumpkin Kernel