Walnuts: Active trade supports prices
November 2, 2017 at 10:57 PM ,
Starry Night Ltd.
BULGARIA. According to a recent USDA report on Tree Nuts: World Markets and Trade, (in shell basis) EU walnut output for the current marketing season is forecasted at 115,000 mt, which stands slightly down from that of last year by just 1.43%; domestic consumption is forecasted to increase to 360,000 mt or up 1.22% from that of season 2016-17; exports from EU members is to reach 15,000 mt or 11.11% higher; while imports are projected to come to 260,000 mt, rising from 252,500 mt of last year.
Walnuts: booked till next month
Since marketable carry-over of last year was literally zero, buyers of organic walnuts are quick to cover their short-term positions. Organic walnuts are in high demand, and indeed some owners of bio orchards saw their produce taken while the nut was still on trees. Conventional owners are no exception to the rule! Since demand is so strong so early in the season, farmers of organic walnuts readily unload their quantities in shell, some are even refusing to crack the nut. Bigger local sellers are already working on orders a few weeks away.
In the realm of prices
At the beginning of the marketing season, local prices are kept stubbornly high, ceteris paribus, since from all other countries in Eastern Europe, farmers start to collect the nut earlier in the season. Yet, once the Ukrainian walnut starts to ‘rain’ over to EU markets, local prices of conventional walnuts visibly start to reflect the newly established trend. Indeed, local exporters do not shun walnuts with Ukrainian origin as one of their stock-in-trades, and many a bad years have stood firmly as a proof of that. Prices of organic kernels are expected to remain high since the greater majority of the kernel is locally realized and there is no import threat to loom on the horizon to pressure prices down.
|
Organic walnuts, Bulgaria |
|
|
Type |
EUR/kg |
|
light kernels (mix) |
9.07 |
|
light halves |
9.65 |
|
light quarters |
8.65 |
|
light brokens |
7.85 |
|
amber kernels (mix) |
8.03 |
|
amber halves |
8.55 |
|
amber quarters |
7.65 |
|
amber brokens |
6.95 |
|
in shell |
4.10 |
|
EXW Bulgaria |
|
|
Walnuts, Bulgaria |
|
|
Type |
EUR/kg |
|
light kernels (mix) |
7.56 |
|
light halves |
8.16 |
|
light quarters |
7.14 |
|
light brokens |
6.20 |
|
amber kernels (mix) |
6.15 |
|
amber halves |
6.15 |
|
amber quarters |
6.15 |
|
amber brokens |
6.15 |
|
in shell |
2.07 |
|
EXW Bulgaria |
|
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