Market players in the pumpkin market are actively restocking ahead of the Chinese New Year, anticipating that prices could rise further as the situation in the Red Sea does not ease and high sea freight prices. There is a slight increase in pumpkin seed prices this week. As the holiday approaches, domestic demand is also increasing.
It seems that conflict in the Red Sea won’t stop in the short term. The crazy freight rates will remain at high levels for months. For example, freight charges from China to Hamburg are currently around 4.000 USD for 20′ containers.
Freight charges and longer transportation time should be taken into account in the purchase plan.
This week in the pumpkin market, packed in 25 kg vacuum bag, Pumpkin Kernel – Shine Skin A grade is being traded at €2750 FOB TIANJIN.
Source: SDKINGLAND