Exports of nuts from Chile would increase in the 2020/21 campaign

It is expected that during the 2020/21 marketing season of almonds, 11 thousand tons will be produced, with exports reaching 9,500 tons. The foregoing provided that the planted area is maintained, with higher yields due to favorable weather conditions and a recovery in the markets after the COVID-19 pandemic. The USDA report further indicated that during the winter of 2020/21 there were abundant rains during June and July, which helped to overcome the water deficit experienced by almond production the previous year. In the 2019/20 marketing year, Chilean almond exports to Russia and Brazil, Chile's two main export markets for almonds, fell 65.8% and 70.7% respectively. However, almond exports to Argentina, the third largest export destination, increased 116.3%. On the other hand, walnut production is expected to reach 158,000 tons; and exports will reach 155,000 tons. This is a 29.2% increase over the previous business year, after the increase in the planted area, favorable ...