Free of charge

Pecans: let the games begin

November 24, 2022 at 12:57 PM , Der AUDITOR
Play report as audio

ATLANTA. As every year at this time, buyers try to drive down prices in the US pecan market. Experienced growers already know this game and do not get involved, while the new market players sometimes act less prudently.

Familiar dynamics

As usual at this time of year when the harvest is nearing completion, prices are down in the US pecan market. Pecan Report explains that growers are currently soliciting bids from potential buyers. Since the group of buyers, especially the large hullers, is much smaller than the farmers spread throughout the southern US, better arrangements can be made. As a result, prices have fallen despite low stocks. According to Pecan Report, experienced growers are already aware of this dynamic and ignore the development because they are not willing to sell their goods below value. There are, however, some new entrants to the market, some of whom are accepting the low prices, which is lowering farmgate prices overall. All in all, the market is currently quite active.

Most of the goods stay within the country

In the Southeast, too, the harvest is now coming to an end and most growers have decided to store their new produce directly in the cold stores. Only those with limited storage capacity have to sell at least their old goods now to make room for the new crop. Last year, prices had risen during the season as stocks dwindled; farmers and traders are hoping that they, too, will be able to sell their refrigerated goods at better prices at a later date. Much of the US produce is going to domestic traders and shellers, as China, a former major buyer, is increasingly buying pecans in Mexico. Various forganisations are doing a good job of opening up new markets, but here, too, good things take time.

View more
-price charts on nuts, dried fruit, oilseeds, grains and more

View related articles

Go to the News Overview
Nuts
Jul 2, 2025
ISTANBUL/BRUSSELS. Although production is expected to decline sharply in Turkey this year, a supply squeeze is out of the question for pistachios. Traders are quite relaxed about the conflict between Israel and Iran. Challenges prevail in Syria, despite Trump lifting sanctions this week. EU spending has soared by 29% in the first six months of the year.
Nuts
Jul 1, 2025
NEW FARM. Australian Macadamias has sharply downgraded the mid-season crop forecast in July. Growers and processors are struggling with one of the most difficult and unpredictable seasons in recent years.
Nuts
Jun 30, 2025
NEW DELHI. Farmers in India are keen to purchase high-quality seeds to sow peanuts. Edible oil is trading lower. Yields have risen sharply in the state of Uttar Pradesh.
Nuts
Jun 26, 2025
ORDU. Bids did not live up to the TMO’s expectations in last week’s tender for hazelnuts. Wide price gaps prevail. Good news concerning the 2025 crop has emerged in the orchards. Economic indicators are somewhat promising for Turkey.