Nuts

Walnuts: weak finish to season

June 3, 2024 at 11:52 AM , Der AUDITOR
Play report as audio

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

 

View more
price charts for nuts, dried fruit and oilseeds and more

View related articles

Go to the News Overview
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Nuts
Jul 17, 2024
HANOI/NEW DELHI. Vietnam's exports in the first half of 2024 are quite impressive, and many destination countries have increased their purchase volumes. Meanwhile, prices in India remain stable.
Nuts
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.
Nuts
Jul 15, 2024
NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.