Nuts

Walnuts: traders contradict US experts

November 3, 2021 2:57 PM, Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Nuts
Nov 29, 2021
HANOI. As Cornhouse and the INC report, there are more than enough cashews available on the world markets. Exports are causing some difficulties, but these should be eased by a new container ship route in the Indian Ocean.
Nuts
Nov 29, 2021
ORDU. In reaffirming in public that he has not intention of changing Turkey’s easy monetary policy President Erdoğan again sent the lira tumbling last week. The lira has, in fact, lost 25% in value against the euro within only one month. This and other uncertainties have plunged the hazelnut market into chaos.
Nuts
Nov 29, 2021
MADRID/SACRAMENTO. The massive slump in US exports is causing almond prices to fall. Spanish almond suppliers, however, can be pleased with a significantly better export volume. September exports are 20% higher than in the same month last year.
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.