Low prices for walnuts in Georgia confuse walnut growers

Raw Walnut

Georgia

Published Jan 20, 2021

Tridge summary

Georgian walnut farmers tell EastFruit that they are unpleasantly surprised by the level of walnut prices in the 2020/21 season. It would seem that due to the spring frosts in some regions of the country, a part of the walnut harvest was lost in 2020, prices should have increased. However, this did not happen. Obviously, frosts affected, first of all, intensive walnut orchards in Georgia, which, in the absolute majority, grow one variety of walnut - "Chandler".

Original content

Our price monitoring generally shows that in mid-January 2021, the average prices for inshell walnuts in Georgia were 14% lower than last year! “There are weighty reasons for the reduction in prices for walnuts in Georgia - after all, the Georgian walnut market is quite well integrated into the world market. And on the world market now, prices for walnuts are at historically low levels due to a record increase in the supply of quality walnuts from California, the United States against the background of a lack of growth in demand and even its decline, "explains Andriy Yarmak, Economist of the Investment Department of the Food and Agriculture Organization of the UN (FAO). By the way, we wrote in detail about the problem of low prices for walnuts and almonds in the analytical review of the walnut market for 2020. The Georgian team of EastFruit also draws attention to the fact of a decrease in domestic demand for walnuts in Georgia. It happened due to the closure of restaurants and ...

Source: Eastfruit