New crop U.S. walnut prices dipped in the global market the week to Thursday amid slow demand and reports of a larger than expected Chinese harvest.
Inshell prices declined in the global almond market the week ending Tuesday as demand from India and China failed to match selling interest with California’s new crop harvest underway.
U.S. origin walnut inshell prices in the global market were stable in the week to Thursday amid tepid demand while low half-count kernels firmed as the industry gears up to ship new crop next month.
Assessed Nonpareil kernel prices fell in the global almond market the week ending Tuesday as California’s new crop year started and inconsistent near-term demand challenged efforts to sell product that still remains from the previous crop.
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.
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.