Pecans: hurricane Idalia causes extensive destruction
September 19, 2023 at 11:51 AM ,
Der AUDITOR
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 |
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