Nuts

Walnuts: 36% slump in exports in October

November 16, 2021 at 10:13 AM, Der AUDITOR
Play report as audio

SACRAMENTO. While the US export season started off with a 13% rise in September, matters are now entirely different. Exports range nearly 30% lower than last year this season so far.

Domestic shipments are also down

The US shipped a total of 128.02 million lbs (58,069 mt) of walnuts with and without shell in September and October as California Walnuts reports. This is 28% less than last year. Overseas shipments range 35% lower at 84.5 million lbs (38,327 mt) and domestic shipments 8% lower at 43.52 million lbs (19,743 mt). 

While monthly shipments were 13% up on last year in September, October shipments slumped by 36% to 94.83 million lbs (43,014 mt). Domestic shipments declined by 15% to 24.1 million lbs (10,928 mt) and overseas shipments by as much as 41% to 70.74 million lbs (32,086 mt). Shipments to Italy (-35% to 15.3 million lbs or 6,938 mt) and Turkey (-47% to 13.8 million lbs) declined most notably, whereas the declines in shipments to important destinations in Europe such as Germany (-3% to 12.42 million lbs or 5,632 mt) and Spain (-4% to 9.09 million lbs or 4,123 mt) were much more moderate.

US inshell and shelled walnut shipments in pounds

Destination

2020/21

2021/22

Diff.

North America

51,964,997

47,668,399

-8%

Europe

55,762,347

46,526,887

-17%

Africa/Middle East

49,119,543

21,515,065

-56%

Asia/Pacific Rim

18,695,809

11,150,850

-41%

Central/South Amercia

0

88,184

N/A

Other

1,628,265

1,071,555

-34%

Total

177,315,916

128,020,940

-28%

California Walnuts, 01/09/2021-31/10/2021

High interest in walnuts

The late arrival of the US crop in Europe has prompted demand to shift more towards Eastern Europe. Demand is also high. Suppliers here prefer to sell to buyers with longstanding business connections. New customers have to be prepared to accept higher prices for now. 

Walnuts

Type

EUR/kg

Chandler, LHP 80%, 2020 crop, USA, FCA DP

8.00

Chandler, LHP 80%, Ernte 2021 crop, USA, FAS Oakland

7.90

80% LH, 1st class, FCA Odessa

5.60

60% LQ, 1st class, FCA Odessa

4.70

Chandler, ELHP, 80%, 2021 crop, Chile, FCA Spain

8.30

Chandler, inshell, 30-34 mm, Chile, FCA Spain

3.20

Serr, inshell, 30+mm, Chile, FCA Spain

3.20

Trade sources

 

View more
price charts for nuts, dried fruit and oilseeds and more

View related articles

Go to the News Overview
Nuts
Jan 30, 2023
NEW DELHI. The shortage of sesame oil is making many buyers in India and overseas switch to peanut oil as a popular alternative. The higher demand is also causing prices to rise. There is good news regarding import duties.
Nuts
Jan 25, 2023
MADRID/SACRAMENTO. Although Spain’s almond exports received a boost in November, the dent in exports is still much higher than in California. Competition between Spain and California remains fierce with speculations on water supplies and exchange rates having top priority at present.
Nuts
Jan 23, 2023
NEW DELHI. Farmers are in full control of India’s peanut market. Not only do they still hold more than 35% of all stocks but they also know how to play to their advantage. Artificial intelligence may also prove an asset in limiting aflatoxin contamination.
Nuts
Jan 19, 2023
ORDU. Things have taken such a bizarre turn in Turkey that buyers have switched to other hazelnut producing countries such as Georgia, Azerbaijan or Italy. Drought will, in fact, have a lasting impact on production in Italy.