Pine nuts: world crop about to triple
July 22, 2020 at 1:52 PM ,
Der AUDITOR
Current production estimates
After the disappointing production result in 2019/2020 of just 57,810 metric tonnes, a noticeable increase in yield can be expected in the coming 2020/2021 season, according to data from the International Nut and Dried Fruit Council (INC). The global crop is expected to reach 141,085 metric tonnes, which would triple production compared to last year.
China should have the potential to become the main growing country. It is followed by Russia with 40,000 metric tonnes and North Korea with 35,000 metric tonnes. In European countries such as Turkey and Spain, production is also expected to increase, while Portugal could lose a quarter of its yield.
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Pine nut production, in-shell, in mt |
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|
Far East |
2019/20 |
2020/21 |
Diff. |
|
China |
14,500 |
42,000 |
189.7% |
|
Russia |
17,000 |
40,000 |
135.3% |
|
North Korea |
12,000 |
35,000 |
191.7% |
|
Afghanistan |
5,000 |
9,700 |
94.0% |
|
Pakistan |
5,000 |
9,300 |
86.0% |
|
Subtotal |
53,500 |
136,000 |
154.2% |
|
Mediterranean area |
2019/20 |
2020/21 |
Diff. |
|
Turkey |
1,300 |
1,400 |
7.7% |
|
Portugal |
2,000 |
1,500 |
-25.0% |
|
Spain |
500 |
1,250 |
150.0% |
|
Italy |
400 |
500 |
25.0% |
|
Others |
110 |
435 |
295.5% |
|
Subtotal |
4,310 |
5,085 |
18.0% |
|
Total |
57.810 |
141.085 |
144.0% |
|
INC Webinar 2020 |
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Price indications for the new crop
Prices have already fallen in recent weeks due to the weak demand caused by the pandemic. In the meantime, Chinese exporters are offering Pinus Sibirica, 950 pcs/100g from USD USD 14,300 per metric tonne CFR Hamburg. Pinus Pumila, 2,200 pcs/100g, 2020 crop are available from USD 9,900 per metric tonne CFR Hamburg for shipments at the end of September.
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Pine nuts |
|
|
Type |
USD/mt |
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Pinus Sibirica, 950 pcs/100g, 2019 crop |
14,300 |
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Pinus Pumila, 2,200 pcs/100g, 2020 crop |
9,900 |
|
CFR Hamburg |
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View more information:
- price charts
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