With prices set to rise, China boosts imports of South African pecans

According to a report by Mundus Agri, the pecan harvest in the Southern Hemisphere is now essentially complete. While prices are expected to remain stable in the short term, strong demand and potential supply shortages from North America caused by adverse weather may push prices higher in the future. Chelmer Foods, citing Mexican firm Pecaninis, noted that over 90% of the Southern Hemisphere’s pecan crop had already been harvested as of early September, with South Africa contributing around 70% of the total, corresponding to approximately 30,000 metric tons. Of South Africa’s harvest, over 90% had been sold to China at an average price of $5 per kilogram, with the final shipments due to arrive in early October. China, one of the world’s largest consumers of pecans, is ramping up its imports ahead of the anticipated demand spike during the Chinese New Year holiday at the end of January 2025. Meanwhile, harvesting in the southern United States and northern Mexico was expected to ...