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FAS China forecasts commercial production of in-shell walnuts to remain unchanged from the previous year at 1.4 MMT in MY 2023/24. Cold winter temperatures in Xinjiang damaged the almond crop this year.
The “off-year” for production will push Turkiye’s pistachio production lower in Marketing Year (MY) 2023/24. The production of almonds and walnuts is forecast slightly higher but hazelnut production is expected to go down.
In 2022, the European Union (EU)-27 imported $6.8 billion in tree nuts from the world. The EU remains a net importer of tree nuts for all products since demand highly exceeds domestic production.
FAS New Delhi (Post) forecasts India’s market year (MY) 2023/2024 (August-July) almond production lower at 4,200 metric tons (MT) (kernel-weight basis), 800 MT lower compared to the U.S. Department of Agriculture (USDA) official MY 2022/2023 estimate of 5,000 MT.
India: Success Story - India Cuts Retaliatory Tariffs on US Almonds-Apples-Walnuts-Chickpeas-Lentils
On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023.
India's tree nut imports continue to surge, with demand growing despite a tariff stranglehold.
FAS New Delhi's soybean production forecast for marketing year (MY) 2020/2021 (October-September) remains unchanged at 10 million metric tons (MMT), but on 12 million hectares against previous...
From September 16, 2020, Japan allows imports of all varieties of U.S. in-shell walnuts to Japan.
Peanuts are popular in Korea and consumed in a variety of ways. Demand for peanuts and peanut butter is steady.
Korean consumers value tree nuts for their health benefits. Most tree nuts are imported.
Post estimates Ukraine’s walnut production at 126 thousand metric tons (TMT) for marketing year (MY) 2020/21.
Tree nut production in Australia has surged in recent years and prospects are for continued rapid expansion in production for a number of years.