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