market-update No. 73-2021 Chinese pumpkin seed kernels new crop
2021-09-28 | Quotes for new crop Chinese pumpkin seed kernels ”going through the roof”!
The whole situation has deteriorated significantly, as we already had observed. Some market participants booked early new crops, but the majority stayed tuned. Now it is clear that the conservative strategy is wrong. We have no carryover from old crops, and new crop yields are down. The sea freights are still booming, and the energy sector just claimed for a new policy of ”dual control of energy consumption” that will negatively impact industrial production.
The whole situation has deteriorated significantly, as we already had observed. Some market participants booked early new crops, but the majority stayed tuned. Now it is clear that the conservative strategy is wrong. We have no carryover from old crops, and new crop yields are down. The sea freights are still booming, and the energy sector just claimed for a new policy of ”dual control of energy consumption” that will negatively impact industrial production.