Global nut prices are expected to remain high, and China's nut consumption is entering a period of transformation.

The recent "2025 China Tree Nuts Annual Report" released by the United States Department of Agriculture (USDA) shows that over the past decade, China's walnut prices have been on a downward trend as domestic production has surged. With production growth slowing, market prices seem to have bottomed out since the end of 2024. The walnut harvest for the 2025/26 season began in early September. According to local traders, the purchase price for Yunnan in-shell walnuts is 15 yuan per kilogram, up more than 30% from the previous year. Similarly, the selling price for Xinjiang walnuts in the 2025/26 season is also higher than the previous year. Walnut traders believe that the price increase benefits from strong demand in the international market. Compared to the same period last year, the import prices of most nuts, especially almonds and pistachios, have risen significantly in the first half of 2025. This price increase is driven by multiple factors, including rising global production ...