Chile Still Has 20% of the 2022 Walnut Crops to Offer

Chile has sold 80% of its 2022 walnut crop, but prices have fallen in W40 due to external pressures, mainly due to reduced demand for second-wave from India, as India imposed a 100% import duty on in-shell Chilean walnut. Other external factors include China, which currently offers competitive prices for walnuts at USD 4/kg in W40, with 2M in-shell walnuts available to satisfy domestic and international market demand. The U.S. is also selling walnuts at a low price of USD 3.96/kg in W40 due to its large carryover of the 2021 crop.