Chilean walnuts project to end exports with 175 thousand tons

Walnut Kernel

Chile

Market & Price Trends

Published Feb 5, 2024

Tridge summary

The 2023 walnut season was marked by low prices due to a slow European market, according to Juan Esteban Rodríguez, president of Chilenut. Despite this, growth was seen in India, with Chilean walnut exports increasing significantly. The industry is grappling with the lowest historical prices for walnuts, largely due to poor quality from California. Rodríguez emphasized the need for tariff reductions and potential free trade agreements. Producers are advised to prioritize quality over cost-cutting to avoid a cycle of declining product quality and lower returns.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

We begin the sixth week of the year, at which time the last shipments of Chilean walnuts are already remaining, an ideal time to talk with the president of Chilenut, Juan Esteban Rodríguez, he analyzed the 2023 season, commented on the current situation of the crop and a projection season that starts on March 21. He commented that “2023 was a bad year in terms of price, given the slowness of the European market I would say that it was one of the darkest points of the season. Obviously we emphasize the positive of the growth in India, which allowed us to practically end the year sold again with a link stock of practically zero.” He explained that, at the industry level, there is little volume left to ship, which are those programs that were committed to shipping between January, February and balances of their products with dark industrial colors. "In essence, these are very low volumes and they normally finish trading between January, February and March in Latin America." He added ...

Source: MXfruit