Market Update---Week 25

Pumpkin Seeds: Prices remain stable at high levels. As the crop nears its end, market demand is weak. Prices for the new season are expected to be higher than current levels, so those with inventory are in no rush to sell, making a price decline unlikely. Shineskin A saw a noticeable price increase this week, primarily because their prices had previously been at very low levels, with a big gap compared to Grade AA, so the recent rise in shineskin AA has driven an even sharper increase in A grade.

Organic Shineskin: The main organic regions have seen a 50% reduction in planting area, with the northeastern region expected to yield only 4,000 tons in the new season. Current inventory is also very low, and prices for new crop organic raw materials are showing a upward trend.Walnuts: High-quality raw materials are nearly depleted. New season production is expected to decline by about 10% due to bad weather in some regions, mainly affecting Shanxi and Shaanxi, with northern varieties being the most impacted.
Pine Nuts: Prices rose this week, particularly for red pine nuts, driven by strong demand in the domestic roasted market. Yunnan pine nuts and cedar followed the upward trend, making a short-term price drop unlikely.

Raisins: The new harvest season is currently growing well, with an estimated 20% increase in yield. However, the exact quantities of sultana raisins and green raisins will only become clearer during the drying process. Given that the 2024 harvest season's inventory is nearly depleted, we anticipate that the starting price of the new crop will not be very low and should remain at current levels. And new shipments are expected to be available by late August.