Market Update---Week 23

Pumpkinseeds：This week, raw material prices have slightly decreased. Due to a significant increase in planting areas for the new season, some raw material suppliers are looking to sell off their stocks at lower prices as quickly as possible. Meanwhile, there are still some suppliers anticipating an increase in demand in July. Overall, prices are gradually declining.

Sunflowerseeds：Prices have seen a slight decrease this week, with planting areas for the new season increasing by 20% to 25%. However, the actual yield will be contingent upon the weather conditions. The prices for the new season are anticipated to be approximately USD 150 lower than the current prices.

Pine nut: The expected yield for the 2024 new season cedar is around 3,000 tons, indicating it is not a bountiful year. The carryover inventory in the market is around 6,000-7,000 tons, thus the total volume for the 2024 season is projected to be around 10,000 tons. The carryover inventory is concentrated in the small number of dealers, and as their costs are relatively high, they are not inclined to sell at lower prices. Therefore, it is anticipated that prices will be resistant to decline in the future. 
The new season for red pine is expected to be bountiful, with a projected yield of approximately 120,000 tons, five times that of the previous year. 
The price of red pine is currently on a downward trend.