Nuts

Pecans: limited impact on supply chains

May 6, 2020 11:31 AM, Der AUDITOR
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ATLANTA. US market players report that demand is good and production is stable. At the moment there are only minor problems in the export market.

Nuts score as protein source

Pecan Report has recently stated the impact of the coronavirus on the meat industry is also felt in the nut industry. As large meat plants such as Tyson Foods are struggling with closures adn meat production has declined in the US consumers are frequently switching to nuts as protein source. Demand is reportedly good for pecans. US producers have raised their hygiene standards an implemented stricter measures such as social distancing to maintain safety. The advantage here is that processing involves cleaning and shelling machines so that crowds can easily be avoided.

Although there are some minor disruptions in overseas shipments as many export destinations have implemented lockdowns to contain the spread of the disease, the impact on the supply chainis limited and market players are satisfied. European spot market prices are firm. US shelled Junior Mammoth pecans are trading at EUR 11.50 per kg FCA Spain.

Pecan nuts, US

Type

EUR/kg

Shelled, large pieces

7.50

Shelled, medium pieces

7.50

Shelled, Junior Mammoth

11.50

FCA Spain

 

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