China's walnut exports surged by 80% and the new season's output will reach 1.5 million tons

According to U.S. agricultural media reports, Fumasi, head of Rabobank's Food and Agriculture Research Department in North America, recently said that global walnut consumption is on the rise, but the United States, the largest walnut exporter, has not benefited from the increase in consumption because walnut exports from China and Chile are continuing to take away the U.S. market share. Ten years ago, U.S. walnut growers received a purchase price of more than $1.80 per pound, but last year's purchase price has dropped to about 20 cents per pound. During this period, China's average walnut production increased by nearly 6%, and Chile's average production increased by 14%. Fumasi said that China's walnut exports have grown at an average annual rate of slightly more than 30% in the past 10 years, Chile's exports have grown at an average annual rate of 14.3%, while the United States' average annual growth rate during the same period was only 4.6%. Although the price paid to U.S. ...