The USDA's Tree Nuts report for the 2022/23 season forecasts a significant shift in the global walnut market. Despite a 17% drop in Ukraine's nut production due to reduced acreage from the Russian invasion, exports are expected to surge by nearly 60% to 95 thousand tons. This is amidst a global increase in walnut production by 12% to 2.6 million tons, primarily driven by China, which is projected to see a 27% rise in production. However, US walnut production is expected to decrease by 1%, although exports are also predicted to fall by 3% due to reduced shipments to the EU, Turkey, and the UAE.