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Walnuts: Buyers prefer to wait

July 25, 2017 at 9:23 AM , Der AUDITOR
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SACRAMENTO. US exports may have been booming this season. Buying interest is, however, declining now.

 

2017/18 production

California witnessed a bumper crop of 618,000 mt in shells in 2016. According to the International Dried Fruits and Nuts Council (INC) this year’s production is to jump by another 3% to 636,000 mt. Global production is also set to grow. Although a decline is expected in China, it will be offset by an increase in the Ukraine and Chile.

Walnut kernels in shell in mt

Country

2017/18

2016/17

China

880,000

900,000

USA

636,000

618,000

Ukraine

110,000

80,000

Chile

105,000

90,000

Iran

95,000

90,000

France

35,000

36,000

India

35,000

36,000

Moldova

35,000

34,000

Romania

30,000

30,000

Turkey

26,500

20,000

others

72,500

68,000

total

2,060,000

2,002,000

INC

 

US exports

The USA has so far shipped almost 355,000 mt this season, about 21% more than last year. June shipments, however, show a year-on-year decrease. Due to the promising production estimates buyers prefer to wait for the new crop and profit from lower prices. Exports to Europe increased by 25%. The main buyers are Germany, Spain and Italy.

US walnut exports in mt

country

2015/16

2016/17

Diff.

Europe

68,980

86,252

25%

Asia/Oceania

76,553

91,744

20%

Africa/Middle East

61,495

86,489

41%

Central/South America

531

197

-63%

North America

83,932

85,889

2%

others

1,462

4,103

181%

total

292,952

354,674

21%

since the beginning of the season

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