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Walnuts: weak finish to season

June 3, 2024 at 11:52 AM , Der AUDITOR
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SANTIAGO. Chile witnessed a weak finish to the export season for walnuts. Strong demand in India supported shipments. Prospects are far from encouraging in 2024/2025.

Slumps in March

March, the final month of Chile’s export season for walnuts, was rather weak. Monthly inshell exports slumped by 41% to 116 mt as compared with March 2023. Shelled walnut exports also ranged 37% lower at 444 mt according to ChileNut. Combined total exports of inshell and shelled walnuts only range a bit higher than last year at 137,470 mt.

India is a success story as shipments to here rose sharply by 87%. Contrary to this, shipments to Turkey declined by 21%, whereas shipments to Italy rose by 11%. The outlook for 2024/2025 is far from encouraging. Harvest delays and adverse weather conditions will prompt in-shell production to slump by 25% to an estimated 134,576 mt as compared with last year’s 181,648 mt as the figures present at this year’s International Nut and Dried Fruit Council Congress show.

Walnut exports, Chile, inshell and shelled (in mt)

Destination

2022/23

2023/24

Diff.

India

26,539

49,767

87.5%

Turkey

31,411

24,724

-21.3%

Italy

10,585

11,796

11.4%

Spain

7,806

7,844

0.7%

Morocco

7,314

5,414

-26.0%

Germany

6,241

5,182

-17.0%

Brazil

4,006

4,991

24.6%

Netherlands

6,888

3,699

-46.3%

China

3,114

2,611

-16.2%

UAE

8,870

2,185

-75.4%

Others

23,573

19,257

-18.3%

Total

136,347

137,470

0.8%

ChileNut, 21/03-20/03

 

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