Nuts

Walnuts: traders contradict US experts

November 3, 2021 2:57 PM, Der AUDITOR
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SACRAMENTO/CHISINAU. The USDA has published its estimates for global walnut production. Eastern European traders, however, contradict the optimistic estimates. In addition, there are delays in the harvesting and drying process. Meanwhile, Chinese exporters are very interested in shipments to the EU.

USDA forecast too optimistic?

Similar to almonds, the weather has also affected US walnuts this year. Producers are far from receiving a record crop like last year. Now the USDA has released its estimates for global walnut production and despite the heavy crop losses in California, the difference compared to last year is moderate. In the international market, about 2.267 million mt of inshell walnuts are expected to be harvested in the 2021/2022 season, down 3% from last year. The forecasts for the crop in China remain unchanged from last ye

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