Pecans: significantly smaller crop in the USA
January 31, 2022 at 3:26 PM ,
Der AUDITOR
Yields down by 20-30%
The harvest in the USA has been further delayed. The problem is heavy rainfall, which has meant that the plantations were hardly accessible with the appropriate machinery. However, the experts at Chelmer Foods are now giving initial estimates from the farmers, which should still be treated with caution due to the adverse weather conditions. According to them, the total yield is 20-30% lower than last season, which was to be expected especially in view of the difficulties in the western growing regions. The American Pecan Council also reports that grower shipments are at their lowest level in four years.
Prices rise massively
Prices have risen noticeably since the slow arrival of the new crop in November. This is partly because the harvesting process has been so massively delayed, and partly because of the lower yields. Fancy Junior Mammoth Halves, origin USA, are currently trading at EUR 12.40/kg FCA Spain. As Antares Commodities reports, it is very likely that the low crop, high prices and ongoing supply difficulties will have an impact on stocks and spot market availability in Europe.
|
Pecans, USA |
|
|
Type |
EUR/kg |
|
Fancy Junior Mammoth Halves |
12.40 |
|
Large Pieces |
10.10 |
|
Small Pieces |
10.05 |
|
FCA Spain |
|
Good prospects in South Africa
There are not many goods left in South Africa and the new crop will be harvested from June onwards. Currently, it still looks as if the yields will be higher this year than in 2021, as more trees are in flower. Various sources reckon that South African pecans will also be a much cheaper option this year compared to US nuts.
German imports up sharply
Germany increased its pecan imports by a whopping 87% in the period September-November 2021 compared to the previous year. This is particularly evident in the shipments from the US, which more than doubled to 1,240 mt in this period. The Netherlands (+153%) also saw a significant increase; overall, none of the important suppliers for Germany had a decline.
|
Pecan* imports, Germany, in mt |
|||
|
Country |
2020/21 |
2021/22 |
Diff. |
|
USA |
614 |
1,240 |
102.0% |
|
Mexico |
48 |
57 |
18.8% |
|
South Africa |
49 |
49 |
0.0% |
|
Netherlands |
19 |
48 |
152.6% |
|
Peru |
36 |
39 |
8.3% |
|
Others |
3 |
7 |
133.3% |
|
Total |
769 |
1,440 |
87.3% |
|
Federal Statistical Office of Germany / Sep-Nov *08029910 Fresh or dried pecans |
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