Global walnut prices leveled in the week to Thursday as details emerged of the first reported new crop offers for Chinese inshell, raising the prospect of increasing competition between U.S. and Chinese suppliers as the northern hemisphere harvest kicks off.
Month: July 2022
A varroa mite incursion in Australia could result in a reduction of bees to help pollinate almond trees in the country’s key production region with bloom fast approaching.
Prices for STD5 fell to new lows in the global almond container market the week ending Tuesday as other items firmed.
Walnut shipments from Chile gathered pace in June as packers strained to overcome a slow start to the season amid easing logistics issues.
U.S. walnut prices in the global container market came under pressure in the week to Thursday as market participants continued to post competitive new crop offers and trade activity increased for the new season.
A price rally lost momentum in the global container market the week ending Tuesday as buyers continued to grapple with oversupplied local markets and a strengthening U.S. dollar.
California packers set a new June high for walnut shipments, providing further evidence that the industry is clearing the backlog of containers that had built up at the Port of Oakland earlier in the season.
Chilean inshell walnut prices dipped a fraction in the global container market the week ending Thursday amid light activity and few solid inquiries from buyers.