World production of walnuts will reach 2.6 million tons

Published 2022년 11월 8일

Tridge summary

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.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Tree Nuts report of the US Department of Agriculture (USDA), in the 2022/23 season, exports of walnuts from Ukraine will increase by almost 60% to 95 thousand tons. At the same time, nut production in Ukraine is forecast to drop by 17% to 96,000 tons due to a sharp reduction in acreage in certain areas of Donetsk, Zaporizhzhia, Luhansk, Mykolaiv, Kharkiv and Kherson regions after the Russian invasion in February 2022. According to the USDA, in the 2022/23 season, world production of walnuts will reach 2.6 million tons (in shell), which is 12% more than last season. Production in China, the second largest producer of walnuts, is estimated to increase by 27% from the previous year in 2022/23 to 1.4 million tonnes due to favorable growing conditions. China's walnut exports are set to rise 6% year-on-year to 225,000 tonnes thanks to increased shipments to China's key markets, including Kazakhstan, the UAE and Turkey. At the same time, ...

Source: Agrotimes