Nuts, what a campaign it will be globally

The Inc International Nut & Dried Fruit Council, a leading global voice in the sector, recently released updated estimates on the global production of the main nut species. China, exports at historic highs Final production is estimated at 1.35 million tonnes, 7% less than initial forecasts. Shipments up to January-December 2023 have reached historic highs, with an increase over 2022 of 80 and 49% respectively for nuts and shelled fruits. Shipments of the new harvest (October-December 2023) reached 59,747 tons in shell and 27,367 tons for unshelled, an increase of 72% and 116% compared to 2022, respectively. Record early season shipments, combined with declining harvests, have maintained a 10-15% price increase. The market, buoyed by Chinese New Year demand and with lower inventories than last year, looked likely to remain stable for the rest of the season at the time of Inc's report. The winter saw cold weather and heavy snowfall in most of the production areas, therefore a good ...