Nuts

Walnuts: rise in global production

November 4, 2020 11:37 AM, Der AUDITOR
Play report as audio

SACRAMENTO/BUDAPEST. US walnut production has hit a new record and risen by 20% this year. Pests are, however, a big problem in Hungary.

Sharp rise in production in the US and Chile

Recent USDA estimates show that walnut production is up in nearly all leading producing countries. China remains the undisputed leader with production estimated at 1.02 million mt, a 2% rise over last year. US production is estmated to have risen sharply by more than 19% to a record 707,604 mt. The rise is attributed to more nut bearing trees under cultivation and to good weather conditions, especially in California. Production has also risen by 20% to 150,000 mt in Chile. EU production has, by contrast, declined by 4.5%

View related articles
Go to the News Overview
Nuts

Pine nuts: China's shocking dependency

BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.
7/21/21, Der AUDITOR
Nuts

Hazelnuts: with pomp and circumstance

ORDU. President Recep Tayyip Erdoğan is expected to announce the TMO bid for hazelnuts with pomp and circumstance in Giresun next week. Although Turkey is mainly closed for Eid this week, the central bank has caused some commotion in the market by keeping the key interest rate unchanged at 19% - quite against Erdogan’s wishes. This move has certainly taken analysts by surprise. Suppliers are wondering in how far the central bank chief will be able to maintain his independence.
7/19/21, Der AUDITOR
Nuts

Pistachios: traders refute INC assessment

TEHRAN/REUS. Traders are highly concerned over Iran’s ability to compete in the international pistachio market. Although recently issued export data was rather encouraging, frost and extreme heat will certainly impact this year’s production. On top of this, farmers are confronted with several problems. Local traders very much contradict the International Nut and Dried Fruit Council’s (INC) optimistic outlook.
7/19/21, Der AUDITOR
Nuts

Pecans: high buying interest motivates growers

ATLANTA. Year-on-year, US pecan shipments rose by more than 26% during the first nine months of the season. This is motivating farmers to increase acreage to meet the high demand.
7/15/21, Der AUDITOR