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Pecans: exports slow again

March 27, 2023 at 11:25 AM , Der AUDITOR
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ATLANTA. Marketing is a central issue for the American Pecan Council, but exports show that a lot of work still needs to be done. US exports, in fact, slowed again in February.

High hopes for India

As Pecan Report states marketing was high on the agenda in the industry’s recent meeting. Hope is that exports to India will pick up as the country has smashed import tariffs for pecans by 70%. A 30% import duty will apply for pecans as of 1 April, whereas 100% still apply just now. Previously lacking an HS code pecans are now also being registered under the HS code 0802.9900, which enables India to relax import duties. China and Germany are also high on the agenda. While exports to China have bounced back, the opposite is, however, the case in Germany as the latest export figures show.

China saves the day

After a strong January US pecan exports slowed again in February as the American Pecan Industry’s recently issued Monthly Report shows. At 9.746 million pounds exports were nearly on par with the 9.819 million pounds shipped overseas in February last year. Total exports for the season, however, range 5% lower than last year at 43.574 million pounds. China has certainly stepped up buying.

Shipments to here, in fact, more than doubled to 4.830 million pounds in February 2023 as opposed to the 2,176 million pounds shipped in February 2022. Total exports to China have, thereby, climbed by 36% to 14.412 million pounds between September and February. Exports to the Netherlands and Germany have also taken a hit and shipments to Canada and Israel have also declined notably. France, however, is the noted exception as shipments to here have climbed by 28%.

US pecan exports in 1,000 pounds

Destination

2021/22

2022/23

Diff.

China

10,558

14,412

36.5%

Canada

9,122

8,253

-9.6%

Israel

3,424

3,037

-11.4%

UK

3,272

2,645

-19.2%

Netherlands

3,584

2,483

-30.8%

Germany

3,497

2,067

-40.9%

South Korea

1,871

1,768

-5.6%

France

1,170

1,500

28.2%

Saudi Arabia

1,067

1,056

-1.1%

Spain

1,034

938

-9.3%

Others

7,281

5,415

-25.7%

Total

45,880

43,574

-5.1%

American Pecan Council, inshell basis, Sep-Feb

 

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