market-update No. 54-2021 pumpkin seed kernels
2021-08-13 | Prices for pumpkin seeds new crop will continue to go firmer
We have known for some weeks that the crop outlook for pumpkin seeds is not favorable. In Europe, the weather has been very hard on pumpkins. Especially in Austria, it was far too wet. The Austrian oil crushers are forecasting a minimal harvest. In the coming season, it could be that for the first time in years, they will import GWS from China and crush it for oil to meet the demand. Furthermore, we see a very tight freight market, and nobody knows what the truck freight from Graz to Hamburg will cost next year. Long-term deals are therefore hardly possible.
We have known for some weeks that the crop outlook for pumpkin seeds is not favorable. In Europe, the weather has been very hard on pumpkins. Especially in Austria, it was far too wet. The Austrian oil crushers are forecasting a minimal harvest. In the coming season, it could be that for the first time in years, they will import GWS from China and crush it for oil to meet the demand. Furthermore, we see a very tight freight market, and nobody knows what the truck freight from Graz to Hamburg will cost next year. Long-term deals are therefore hardly possible.