The uncertain scenario for walnuts at a global level

Published 2024년 10월 30일

Tridge summary

Walnut production is dominantly concentrated in China and California, accounting for approximately 90% of the worldwide total. Since 2000, walnut production has experienced significant growth, peaking in 2023 with a record 2.9 billion kilos. However, a decrease in production is anticipated for 2024, with the U.S. seeing a substantial drop from 671 million kilos to an estimated 550 million kilos. This decline is a result of reduced planting in major walnut-producing countries like California, Chile, and China. The reduction in supply, coupled with high quality production, has led to a surge in walnut prices, with the cost per kilo rising to USD 3.00 or more. Vittorio Bianchini, a walnut consultant, stresses the importance of maintaining high quality in walnut production to remain competitive in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Walnut production worldwide is concentrated in China and California, United States, which dominate around 90% of production. During Fruittrade 2024, the agronomist and walnut consultant, Vittorio Bianchini, explained that the business has grown rapidly since 2000, when production became more stable, reaching the highest productions during 2023. Bianchini assured that most of the production is in the northern hemisphere, with Chile and Argentina representing the volume leaving the southern hemisphere. During 2023, world production reached 2.9 billion kilos, while the 2024 harvest shows a decrease in production. "In the United States, they started with an estimate of a drop of 750 million kilos to 671 million, but the truth is that it will not even reach 550 million kilos. The initial estimate of 11% was lowered to more than 30%, which is very similar to what we saw in Chile last harvest," said Bianchini. The advisor indicated that practically all productive areas worldwide will ...
Source: MXfruit

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