Nuts

Walnuts: March exports slightly up

April 14, 2022 12:22 PM, Der AUDITOR
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SACRAMENTO/SANTIAGO. US walnut exports recovered slightly in March, but at the same time domestic shipments were significantly behind those of last year. Overall, about 25% fewer walnuts have been shipped domestically and overseas since the beginning of this season.

Total exports continue to lag behind

Since the beginning of this season, around 228,875 mt of shelled and unshelled walnuts have been exported from the USA, 25% less than in the same period last year. Domestic shipments fell by 8% to 56,759 mt, while exports actually declined by almost a third from 242,000 mt to 172,115 mt.

In March 2022, however, export volumes increased by 4% to 28,319 mt, while domestic shipments fell by 15% to 7,494 mt. Among others, important European customer countries such as Germany (+28% to 5,242 mt), Spain (+22% to 22,98 mt) and Italy (+39% to 1,514 mt) significantly increased their imports last month.

US walnut shipments, in mt

Destination

2020/21

2021/22

Diff.

Europe

74,525

74,296

0%

North America

67,835

62,051

-9%

Africa/Middle East

100,301

52,507

-48%

Asia/Pacific Rim

57,065

37,437

-34%

Central/South America

180

110

-39%

Others

3,464

2,474

-29%

Total

303,369

228,875

-25%

California Walnuts; since the start of the season

Price trend moving upwards

According to market players, light-coloured walnut kernels with a higher proportion of halves are currently in particular demand, which has led to firmer prices for these qualities, as the majority of the 2021 US crop consisted of darker kernels. In addition, delivery delays are causing stocks in the European spot market to shrink. Meanwhile, the comparatively high prices for the new crop from Chile are causing less buying interest, leading to a stalemate. It remains to be seen whether buyers or sellers will give in first.

Walnuts

Type

EUR/kg

Chandler, LHP 20%, USA

5.60

Chandler, LHP 80%, USA

6.85

Chandler, ELHP 80%, Chile

7.75

Type 185, shelled, ELHP 90%, China

5.90

XIN2, inshell, +32 mm, China

2.80

FCA Spain

EU imports up in 2021

Contrary to the current trend, EU states had imported a total of 103,454 mt of unshelled walnuts from third countries in the past calendar year, about 7% more than the year before. With 50,804 mt, almost half of the imported quantity came from the US. This was followed by Chile, Ukraine, China and Moldova. The trade data for walnut kernels within the EU show that re-exporters such as Germany and the Netherlands lead the way in exports, with producing countries such as Romania and France following in third and fourth place.

EU walnut* imports from third countries, in mt

Supplier

2020

2021

Diff.

USA

46,024

50,804

10.4%

Chile

19,356

21,235

9.7%

Ukraine

14,816

18,005

21.5%

China

4,670

6,396

37.0%

Moldova

8,128

4,952

-39.1%

Uzbekistan

71

443

523.9%

Australia

186

330

77.4%

Others

3,678

1,289

-65.0%

Total

96,929

103,454

6.7%

European Commission

*08023200 Fresh or dried walnuts, shelled

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