Nuts

Pecans: hurricane Idalia causes extensive destruction

September 19, 2023 at 11:51 AM , Der AUDITOR
Play report as audio

BRUSSELS/PELHAM. Hurricane Idalia has wreaked havoc in Georgia, the world’s largest producing region for pecans. Mexico has sharply increased sales in the EU this year and has gained extensive market shares.

US crop losses

Hurricane Idalia hit Georgia on 30 August and growers state that the damage is extensive, especially in the southeastern parts of the state. According to Pecan Report high winds blew large parts of the crop prematurely to the ground in the city of Valdosta. Wind speeds exceeded 100 mph for quite a while and gusts proved even stronger. To make matters worse these high winds coupled with heavy rains caused many growers to lose trees, which is a bigger problem. Growers are, in addition, left to clean up their orchards in the hope of rescuing what remains of the crop. As cold storage supplies are already running low, and the current year is an “off year” in terms of production the losses in southeastern Georgia will certainly impact US supplies.

Prospects are, by comtrast, more encouraging in Texas. Although drought is an issue in large parts of the state, other areas, such as Far West Texas, have experienced rainfall. Producers state that the early varieties have started to open and are looking very good. This year’s crop will arrive in late September to early October. A more accurate picture of the 2023 pecan crop will emerge on 12 October when the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) issues the first forecast. NASS will ask 2,600 producers throughout the US to participate in a survey in the last week of September as local media report.

US shipments to EU remain flat

EU pecan imports have risen by 11% in terms of volume this year so far. In terms of value imports have, by contrast, declined a little bit by 0.2% to EUR 103 million (USD 107 million). While imports from the USA have remained relatively flat at 7.277 mt, shipments from Mexico have surged by 62%. South Africa has also nearly doubled shipments to the EU. While shipments from China, the UK and the United Arab Emirates have also surged, shipments from Brazil and Israel have notably declined.

The Netherlands are the leading importing country within the EU (43%), followed by Germany (27%) and Spain (10%). After hitting a high of EUR 9.88/kg (USD 10.56/kg) last week, the prices for US Junior Mammoth pecans have declined to EUR 9.80/kg (USD 10.41/kg) FCA Spain this week. Prices, however, still range higher than in August.

EU pecan imports (kg)

Country

2022

2023

Diff.

USA

7,227,839

7,276,736

0.7%

Mexico

1,630,970

2,635,279

61.6%

South Africa

213,229

540,788

153.6%

Brazil

86,241

26,522

-69.3%

China

106

1,066

905.7%

UK

309

801

159.2%

UAE

219

692

216.0%

Israel

258

152

-41.1%

Ivory Coast

-

60

-

Sri Lanka

-

20

-

Others

238,318

33

-99.1%

Total

9,397,489

10,482,149

11.5%

DG Taxud’s Customs Surveillance system, provisional data, 01/01-14/09
HS Code 08029910 – Fresh or dried pecans

 

View more
price charts for nuts, dried fruit, oilseeds, grains and more

View related articles

Go to the News Overview
Nuts
Feb 27, 2024
BRUSSELS. EU importers spent much less on pine nuts in 2023. Producers in Portugal are promoting Mediterranean pine nuts. Uncertain market conditions will prevail this year.
Nuts
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Nuts
Feb 23, 2024
TEHRAN/FRESNO. With California chasing records pistachios may soon experience a supply glut. Cautions prevails over this year’s crop. Iran’s exports to the EU have gained again.
Nuts
Feb 21, 2024
NAIROBI/CAPE TOWN. Kenyan market players are already benefiting noticeably from the government's decision to temporarily lift the export ban on unprocessed macadamias. Prices in South Africa have fallen sharply in recent years.