Pumpkin seeds: traders make drastic price adjustments

May 13, 2020 at 3:15 PM , Der AUDITOR
Play report as audio

PEKING. The calm market situation caused some Chinese pumpkin seed traders to lower their prices significantly this week - with moderate success.

Too expensive despite price correction

According to their own statements, some Chinese exporters are again receiving significantly more enquiries for pumpkin seed shipments, also from Europe. Nevertheless, sales hardly take place. Some traders have lowered their prices several times this week, so that pumpkin seeds, shine skin, grade A are now sold from USD 2.87 per kg CFR Hamburg. Other suppliers are sticking to their official offers, but are willing to negotiate if there is concrete interest.

In particular, good sales at the domestic market and lower production volumes had led to a rapid and significant increase in prices of grade A kernels this season. Even after the price correction, shine skins, grade A are still a good USD 500 per metric tonne more expensive than last year at this time, while grade AA kernels are slowly approaching last year's level. A similar development can be observed for GWS seeds.

Pumpkin kernels, China

Type

USD/kg

GWS, Grade A

2.77

GWS, Grade AA

2.89

Shine Skin, Grade A

2.87-3.18

Shine Skin, Grade AA

3.30-3.59

CFR Hamburg

Speculating on organic goods

The sale of organic pumpkin seeds is also difficult this season, but for different reasons. As Chinese organic goods do not meet EU standards, traders are turning to customers from the USA, among others, with their offers. Meanwhile, the first price indications for organic pumpkin seeds from this year's crop are already circulating in the market: organic GWS kernels, grade A are at a level of USD 3.13 per kg CIF Hamburg and organic shine skins should be available for USD 3.14 per kg in the new season. However, for most exporters it is too early to commit to prices and they put their customers off until August/September.

View more information
price chart pumpkin kernels, GWS, grade AA, China
price chart, pumpkin kernels, Shine Skin, grade AA, China
- more price charts

Attached Files

File icon
Price chart pumpkin seeds, GWS, grade AA
File icon
Price chart pumpkin seeds, hulled, Shine Skin, grade AA

View related articles

Go to the News Overview
Grains
Nov 1, 2024
BRUSSELS. Russia’s failed attempt to drive up wheat prices has slowed shipments. Ukraine’s corn exports are 18% up. Rain has prompted sowing to gain pace for soybeans in Brazil and Argentina. Rumour has it that China will slash retaliatory tariffs on Canada's canola.
Oilseeds
Oct 31, 2024
OTTAWA. Although the Canadian flaxseed crop is smaller than in recent years, market players are currently reporting high demand from China. The EU could also be an interesting sales market this season if the export potential was not limited.
Oilseeds
Oct 31, 2024
OTTAWA. The Canadian mustard seed harvest has so far resulted in lower yields than initially hoped for, but the crop result remains significantly better than in previous years.
Oilseeds
Oct 30, 2024
SOFIA/DALIAN. Disappointing crops in the European sunflower seed market are driving some suppliers to take drastic measures. In the Chinese market, however, the new crop is causing prices to fall.