Walnuts: shift in export demand
June 15, 2020 at 2:42 PM ,
Der AUDITOR
... will become even more expensive due to the special requirements in the summer months (cold storage). In the European spot market, prices are relatively stable. Chandler walnuts, LHP 80% range at a level of EUR 6.65 per kg FCA Spain. Chilean walnuts are currently no serious competition for the Californian market. According to reports, the colour does not meet the usual quality standard and the low price level of US walnuts is more attractive for most buyers.
The US government's programmes, through which dried fruits and nuts are currently regularly purchased, still offer some walnut traders an opportunity to sell some of their stocks. However, almonds are currently a tough competitor in the nut sector.
|
Walnuts, USA |
|
|
Type |
EUR/kg |
|
Chandler, LHP 80%, USA |
6.65 |
|
Chandler, LHP 40%, USA |
6.35 |
|
Chandler, LHP 30%, USA |
6.15 |
|
Chandler, LHP 20%, USA |
6.15 |
|
Light Pieces, China, USA |
4.00 |
|
Serr, in-shell, 30+, Chile |
2.70 |
|
FCA Spain |
|
Monthly exports at last year's level
Since the start of the season, 286,480 metric tonnes of US walnuts with and without shell have been delivered both domestically and overseas, 11% less than this time last year. While domestic consumption has decreased by 6% to 74,929 metric tonnes, export demand is down 12% to 211,551 metric tonnes. May exports were surprisingly stable at almost 9,100 metric tonnes, while domestic demand (6,441 metric tonnes) was around 20% lower than in May 2019.
Countries such as Italy (+2.495% to 118 mt), Spain (+68% to 1,187 mt) and Turkey (+725% to 803 mt) have significantly increased the import volume compared to the same month of last year, while shipments to Germany (-39% to 1,453 mt) and the Netherlands (-61% to 350 mt) have decreased significantly. Deliveries to China and India were also negligible last month, although these two countries imported significantly larger quantities from Chile.
|
US walnut shipments in mt |
|||
|
Destination |
2018/19 |
2019/20 |
Diff. |
|
Europe |
78,272 |
83,804 |
7% |
|
Asia/Oceania |
50,313 |
46,398 |
-8% |
|
Africa/Middle East |
102,619 |
72,753 |
-29% |
|
Central and South America |
99 |
320 |
222% |
|
North America |
86,662 |
81,529 |
-6% |
|
Others |
2,279 |
1,676 |
-26% |
|
Total |
320,244 |
286,480 |
-11% |
|
California Walnuts; since the start of the season |
|||
China and India buy in Chile
According to ChileNut, in the first two and a half months of the 2020/2021 season, a total of 24,664 metric tonnes of walnuts with and without shell were shipped overseas, around 40% less than in the same period last year. While shipments to countries like Spain (-39% to 1,213 mt), Turkey (-58% to 5,151 mt) and the United Arab Emirates (-90% to 1.167 mt) decreased, other markets increased imports compared to last year, including Germany (+91% to 1,309 mt), China (+233% to 2,126 mt) and India (+98% to 2,011 mt).
|
Walnut exports, Chile, in mt |
|||
|
Destination |
2019 |
2020 |
Diff. |
|
Africa/Middle East |
27,199 |
9,848 |
-64% |
|
Europe |
8,221 |
7,274 |
-12% |
|
Asia/Oceania |
3,805 |
6,791 |
78% |
|
America |
1,110 |
752 |
-32% |
|
Total |
40,335 |
24,664 |
-39% |
|
ChileNut / (21 March to 31 May) |
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