On-the-Ground Update

Turkish Walnut Production Not Enough to Satisfy Domestic Demand

Published Oct 7, 2022
Although the Turkish walnut harvest is expected to increase to 335,000MT in 2022, there is still not enough to satisfy domestic demand. Turkey imports around 55,000MT of in-shell walnuts mainly from the USA, Chile and China. According to TUİK's statistics, Turkey imported 30,390MT of in-shell walnuts until September 2022 which means there is still a gap between consumption and supply. The devaluation of the Turkish lira is a major factor impacting import decisions as Turkish importers are waiting for a new crop of walnuts from China and the US to appear on the market. This year China's walnut crop volume reached 1.4MMT with 400,000MT destined for export markets. FOB Xianjiang price for in-shell 30mm walnuts is around USD 2,100-2,125/MT.
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