Chilean walnut shipments continued to gain momentum in July, driven by increased volumes destined for Turkey and India as year-to-date shipments pushed above year-ago levels for the first time this crop year.
The country shipped 26,982 inshell equivalent (ISE) mt in July, up 51% from a year earlier, according to a July 2022 shipping report released on August 11 from Chilean walnut association, Chilenut. As a result, year-to-date shipments to July improved to 78,983 ISE mt, 1% higher on the year and the highest at this stage of the season since 2019.
Inshell shipments drove the increase, climbing 53% on the year to 16,157 ISE mt, while shelled shipments increased 47% to 5,033 ISE mt. Year-to-date inshell shipments are now 3% down on the year at 53,681 mt while kernel shipments for the same period are up 13% at 11,776 mt.
Walnut purchase commitments reported by Chilenut member companies lagged previous years. By the end of July, they accounted for 66.2% of total supply, down from around 88% last year and nearly 80% in 2020, according to the Chilenut data.
Chilean inshell exports to Turkey got off to a slow start this year, but the rate of shipments ramped up over the summer. July shipments almost tripled on the year to 4,914 mt, reducing the crop year-to-date on-year deficit from 34% to 9%.
One Chilean packer said exports to Turkey improved because Turkish buyers picked up considerable volumes of rain-damaged, broken, and stained material at discounted prices.
“Rain-damaged product was, in the end, about 10-15% of the [Chilean] chandler crop,” the packer said.
India was Chile’s second largest inshell destination in July, with 3,786 mt heading to the country, up 18% on the year. Year-to-date shipments to India stood at 14,272 mt, up 18% from last year, cementing it as Chile’s largest individual market.