Chinese Pumpkin Kernel: Are Sea Freight Rates Dropping?

Dalian: Exporters reported that recently affected by the national epidemic, transportation has been hindered, the transportation of goods in production areas is difficult, and the price of raw materials for shellless pumpkin seeds is relatively stable. Affected by the Ukrainian-Russian war, the European market mainly purchased conventional products from China. The U.S. is mainly affected by import tariffs and shipping, which increase the procurement costs for importers. However, traders are reluctant to sell at low prices, and the European and American markets dominate the export market. Conventional products are the main products, and the export volume of organic products is limited.

In addition, the good news is that ocean freight rates in Europe and the United States have dropped again, and export costs have been significantly reduced. Exporters are looking forward to lower purchasing costs and ocean freight rates, as well as an upturn in the market. Keep an eye out for market changes in April.

Current Market Price in FOB Dalian, China for Pumpkin kernel