Nuts

Pine nuts: China's shocking dependency

July 21, 2021 9:00 AM, Der AUDITOR
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BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.

Production much lower than anticipated in 2020/2021

Border closures and other pandemic-related difficultes very much delayed raw material deliveries in the first few months of the current season. According to the International Nut and Dried Fruit Council (INC) this gap was wider than expected in China and laid bare how depended the country is on such deliveries. While initial inshell production estimates for 2020/2021 ranged as high as 42,000 mt in China, more recent reports state that production only reached around 26,250 mt. A similar revisision took place in Russ

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