Market update No. 67 pumpkin seed kernels

2018-11-14 | The trade war between the US and China is leaving its marks in the business for oilseeds and dry fruits. Underpinned by a +25 percent increase in shipments of Californian almonds to China in November 2018. China has imposed duties on some agricultural products from the US and is trying to boost cultivation of this products in their own country by offering subsidies to farmers. This development led to a situation that sees more growing efforts of Chinese farmers in soybeans, sunflowers and cotton wool. This happens at the expense of cultivation areas for pumpkins. During our trip to China 2 weeks ago we were able to assess and validate this scenario. In the northwestern regions we saw a decline of up to 30 percent, the northeast saw a decrease in pumpkin harvest by more than 30 percent.