Chilean walnuts: Strong demand and low production keep prices high

Published 2024년 6월 3일

Tridge summary

The Chilean walnut market is experiencing a surge in prices, with the Chandler 80 Lhp variety seeing a 25% increase since March, reaching its highest level since January 2022. This price hike is largely due to the anticipated 2024 harvest and a decrease in this year's harvest, which is over 15% lower than the previous year. This price trend is also impacting the US market, where prices have risen by 9% due to strong demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Chilean walnut market is in a bullish phase. Since the beginning of March, the price of the Chilean shelled walnut Chandler 80 Lhp has recorded an increase of over 25%: these are the highest levels since January 2022. According to analyzes by Areté – The Agri-Food Intelligence Company, an analysis and forecasting operator on agrifood raw material markets, the increases are attributable to the 2024 harvest. The current year's harvest is more than 15% lower than last year's, in a context of low ...

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