Nuts

Pecans: US exports down by 45%

March 9, 2022 4:53 PM, Der AUDITOR
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ATLANTA. The APC's latest report shows how much US exports have fallen in the first five months of the current season. Transport difficulties are largely to blame for this.

Last year's record levels remain unachieved

In its latest pecan position report up to and including January 2022, the American Pecan Council (APC) shows that US deliveries in the first five months of the season were down by almost 45% compared to the same period last year. They stood at just over 9,797 mt (21.6 million lbs). Accordingly, there have been significant declines in both the domestic and export markets, although it should be noted that record levels were achieved last year. Many packers and shippers report that there were considerable delays in shipping, which according to Pecan Report contributed significantly to the lower figures.

Corrections for exports to Europe

Exports to Europe for the period September 2020 to January 2021 have been revised significantly in the latest report. In January 2021, the figures were just over 6,168 mt (13.6 million lbs), while in the current report they are only 3,401 mt (7.5 million lbs). Based on the APC's current report, exports to Europe increased year-on-year in the period September 2021 to January 2022. Shipments to the Middle East and Australia also increased slightly, while the other major export destinations for US pecans recorded declines.

Lower crop in the southwest

Farmgate prices are even higher than last year because a smaller crop is meeting with high buying interest. Pecan Report states that water problems in the southwestern growing areas had caused problems in particular. Prices on the European spot market have also increased slightly in recent weeks and are at EUR 12.80/kg FCA Spain for shelled Fancy Junior Mammoth Halves.

Pecans, USA

Type

EUR/kg

USD/kg

Fancy Junior Mammoth Halves

12.80

13.85

Large Pieces

10.30

11.20

Small Pieces

10.20

11.10

FCA Spain

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