Chinese Pumpkin Kernels: Will the Market Recover?

Dalian: Market participants reported that the rain in the production area is too high, which may affect the arrival of the harvest season. The sales in domestic and foreign markets are slow, and the demand is reduced, waiting for new products to be launched. The price of raw materials for pumpkin seeds was stable this week. Due to the reduction in the acreage of the new season, traders’ price protection mentality continues. Some traders also reported that the shortage of raw materials led to higher prices. Producers are not in a hurry to clear inventories but are in an attitude of wait and see to see the market changes. The continued decline in the euro exchange rate is also a key factor for the decline in European imports. In addition, falling ocean freight rates to Europe and the United States and food shortages in Europe are an opportunity for exporters. Exporters want to reduce procurement costs and improve the market.

Current Market Price in FOB Dalian, China for Pumpkin Kernel

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