The growth of walnut production in Chile and a good harvest in China ensured a 17% increase in this year's harvest. At the same time, the realization of the products faces the difficulties of the fall in purchasing power, reports FreshPlaza. "Chile is now a major producer of walnuts. This increases competitive pressure on French walnut, which was already suffering from competition. Chile, as well as China, contributed to the 17 percent increase in world walnut production this year,” says Jonathan Rhodes, director of French horticultural company Perlim Noix According to him, the world market was already sufficiently supplied before the arrival of the new harvest from the northern hemisphere and before the start of the North American season. The problem is that excess volume is entering the market where consumption is struggling. "The economic situation in Europe is clearly difficult now. France is protected by an energy shield that "holds back" the rise in energy costs. In other ...

Source

Agrotimes

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