Chilean walnut shipments in April fell 55% year-on-year as a delayed crop and shipping bottlenecks hampered exports in the first month of the new season.
Month: May 2022
Chilean walnut prices in the global container market slipped in the week to Thursday, with larger-size premiums to U.S. product narrowing as packers questioned Chile’s sold position.
Nonpareil kernel prices fell in the global container market the week ending Tuesday despite talk of those items thinning.
Chilean inshell walnut prices in the global container market firmed in the week to Thursday, widening their premiums over U.S. equivalent products as buyers accepted offers at the higher end of the spectrum and packers continued to sell their counter-seasonal volumes.
NPIS prices fell the week ending Tuesday in the global container market as importers in India braced for a raft of new supply.
Over 98% of California’s walnut exports leave through the Port of Oakland, according to U.S. Census data. The port has primarily been a second port-of-call after the larger ports of Los Angeles and Long Beach, though a few carriers offer first port-of-call service into Oakland. The global supply chain crunch has been acutely felt at the Port of Oakland, ranging from vessel skips, equipment shortages, labor constraints and congestion.
Monthly walnut shipments from California beat their year-ago total for the first time in seven months in April, raising hopes among packers that shipping problems are subsiding and the carry-out could be smaller than many had once predicted.
Prices in the global container market for walnuts remained flat in the week to Thursday as Chilean packers sought to boost new crop sales at the INC World Nut and Dried Fruit Congress in Dubai while their U.S. counterparts said they were heavily sold on export-grade material.