Ukraine will reduce walnut production, but increase exports, according to USDA

Published Nov 9, 2022

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 the Russian invasion, leading to a sharp increase in exports, global production is expected to rise by 12% to 2.6 million tonnes. This is largely driven by a 27% increase in China's production, with exports also on the rise. However, US walnut production and exports are projected to decline slightly. A conference in Tbilisi on November 19, 2022, will delve into these trends and the state of the nut sector in Ukraine and Georgia.

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 United States 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 fall by 17% to 96 thousand tons due to a sharp reduction in areas in certain areas of Donetsk, Zaporozhye, Luhansk, Mykolaiv, Kharkiv and Kherson regions after the Russian invasion in February 2022, reports AgroTimes. In the 2022/23 season, global walnut production will reach 2.6 million tonnes (inshell), up 12% from last season, according to the USDA. Production in China, the second largest walnut producer, is estimated to grow by 27% year-on-year in 2022/23. up to 1.4 million tons due to favorable growing conditions. Chinese walnut exports are set to rise 6% year-over-year to 225,000 tons, driven by increased shipments to key Chinese markets including Kazakhstan, the UAE and Turkey. See also: The start of the season of mass export ...

Source: Eastfruit