With bigger Siberica Pine nut crops in 2021 and 2022 than expected we saw the market prices coming down to the lowest levels in the past two years. Demand on Pine nuts is stable despite the difficult situation of the world’s economics. However, with an expected significant smaller crop in 2023 we expect that the Siberica prices will increase in the coming months.
Pine nuts inshell can be stored up to three years and speculators are currently buying substantial volumes of the current crop so they can take advantage of the expected price increase in the coming months/years. The buying of the inshells by speculators has already firmed up the prices after the Chinese New Year. So if you still need to cover your demands for 2023 this might be the time to do so. Also, we are able to offer you prices for 2024 if needed on request.
After the import of the Yunnan variety became impossible due to the new EU Cadmium regulations we decided to add a new variety to our assortment: the Pinus Pumila. The Pinus Pumila is higher in count (1.800 compared to the Siberica standard 950 count) but in taste and appearance is comparable to the Siberica variety. Due the smaller counts it is ideal for Pesto manufacturers and Salad mixes. But it could also be used as a single item packed product. We expect the first volumes to arrive at our warehouse shortly and product specifications/samples are available on request. Price wise the Pinus Pumila is right now the cheapest variety on the market.