Increased global interest will keep pine nut supplies short in 2010/11
Tuesday May 25 2010
FOLLOWING historically high prices of pine nuts seen in the 2009/10 season, of up to €25,000 ($31,047) to €26,000 per tonne, supply will still be short and prices stable going into the new crop, according to the pine nuts working group of the International Nut and Dried Fruit Council (INC), headed by Cheng Hung Kay, of CHK trading.
The total supply for 2010/11 is estimated at 19,740 tonnes, a marginal increase on the 19,330 tonnes available last year, delegates at the World Nut and Dried Fruit Congress in Beijing learnt.
