Author Archives Chris Wilding

Chinese Walnut Crop and Market Report

CROP

At the China International Tree Nut Conference held in zhuhai, China from 1 – 3, August, the subjective Walnut Crop estimate this year has been set by the Representing Councils at an estimate of 830,000 metric tonnes.

Representatives from the regions of Yunnan, Xinjiang, Shanxi, Hebei, Gamsu, Henan and Shaanxi have reported the crop is similar to the figure of final receipt last year which was 840,000 metric tonnes.

A short crop of 30-70% is reported from Hebei, Henan, Gansu, Shaanxi and Shanxi due to widespread frost/snow in those regions, where the crop fails 30% in Hebei, 50% in Shaanxi/Gansu/Henan and 70% in Shanxi respectively.

The reassuring news is from two top origins, Xinjiang and Yunnan, who expect above average crop, accounting for over 60% of the total in China so far, for which we need to conduct further crop survey for these vast and remote regions.

 MARKET

  • Larger than normal carry over and inactive demand worldwide have resulted in market declining at the end of the season.
  • The world trade war has put the nut industry in great disorder, causing heavy impact on the normal trade.
  • The sale of green hull walnut has commenced in some regions, but the full harvest will start end August/early Sept.

It is expected that pricing for new crop might be even lower than last year in order to follow the competition

date:  Aug 07, 2018 comments:  Comments Off on Chinese Walnut Crop and Market Report
by:  Chris Wilding category:  Latest News Read More

Officially, the Turkish 2018 dried apricots crop size has been estimated 89.318 tons

Officially, the Turkish 2018 dried apricots crop size has been estimated 89.318 tons. According to our research we expect about 100.000 tons. With the carry over stocks , we believe that we have enough fruit quantity wise.

Although there will be no problem with the availability of the product ,  quality may be an issue;

  • Because of the heavy rains and hail in spring and  during early summer, majority of the fruit has speckles and hail damage .
  • This season apricots matured very early at all orchards at once. This created a serious colour problem – colours are pale and darker than usual. It decreased the quality of hand work of farmers. 

According to the location and altitude of the orchards, apricots used to get matured at different times. Ripening generally starts from lowlands next to the dam lake and slowly moves to the higher lands. Even in the same orchard, according to age/variety /location of the trees, the ripening time vary. The time variety of the maturity helps to use the labour more efficiently and allows the farmers to have enough time to take care of the quality. For a good colour, the fruit should be harvested and SO2 treated before the full maturity . If the fruit gets fully matured, SO2 cannot penetrate into the fruit perfectly and colours become pale and darker than it is supposed to be. The seeds should be pitted after a few days of drying when apricots get soften . If the workers do not have enough time for pitting they damage the fruit during pitting .

  • We estimate that the crop 2018 is mostly Size # 3-4-5. Due to the carry over stocks from the crop 2017 small sizes will not have a dramatic shortage but it will be extremely difficult to find good quality big sizes.

Natural apricots’ quality is worse than the sulphured products . But good quality or bad quality, natural or sulphured, big sizes will be high priced because of the domestic demand

Production costs have increased a lot. Carton prices doubled, labour costs, energy prices and domestic transportation prices have increased up to  % 20-30 .

Raw material prices are already too high but due to the devaluation of Turkish Lira,  we do not see a sharp increase in our export price offers . If Turkish Lira gains value, price increase will be more than expected on foreign currencies .

We are at the beginning of the crop season, farmers need money to cover their harvest expenses.  So there should be plenty of offers in the market. But farmers bring only their very bad quality products to the market. All farmers believe that good quality products will go with a premium so they prefer to keep their good quality and reasonable quality products in their stocks . We are at the beginning of the season and we already have a big shortage of good quality products.

date:  Aug 02, 2018 comments:  Comments Off on Officially, the Turkish 2018 dried apricots crop size has been estimated 89.318 tons
by:  Chris Wilding category:  Latest News Read More

Prospects for the 2018 Greek Currants crop

Drying of the 2018 Currants crop will commence next week in certain regions, slightly earlier than the average of recent seasons. This week, we visited our Greek suppliers, to assess the scale of the damage caused by recent adverse weather conditions

Heavy rainfall in some of the main growing areas during the second half of June, has caused significant damage to the crop, with losses estimated at 30% or even higher in some regions.

Due to the delicate skin of Currant grapes, the berries have absorbed the moisture following the rain, causing some of them to expand and split, meaning that many berries have been lost, as they have fallen from the bunches.

Also, some of the berries on that affected bunches have shrivelled, meaning that they are light in weight and so will be removed by the aspirators during processing or during winnowing, prior to processing at the factory, in the case of Vostizza fruit.

Fortunately, there are no signs that mould has developed. Testing of fruit taken from vines of different areas in recent weeks, have also shown no issue regarding presence of Ochratoxin A.  Ongoing extensive testing is being completed, by The Aeghion Union, and this will continue as the harvest commences additionally for incoming raw material, as well as for finished product as usual.

During our visit this week, there were further minor showers. The forecast for the next 7-10 days is generally good, however rain is expected today. Any further rainfall could have a catastrophic impact upon crop quantity and quality, at this critical stage. Therefore, until the situation in clearer, packers are extremely reluctant to offer, even for early shipment, particularly as there is little or no carryover of unsold stock from the 2017 crop.

Assuming no further issues during drying, we expect opening prices for 2018 crop, to be at similar levels to closing prices for 2017 crop.

In view of  the upturn in raw material values, driven by the reduced acreage following years of grower dissatisfaction with prices, an increase in total crop volume was anticipated this season, towards 20,000mt Unfortunately, however, whilst it is difficult to calculate the impact of the adverse conditions on the crop size, the total may well be no higher than for the 2017 crop (around15,000mt).

date:  Aug 02, 2018 comments:  Comments Off on Prospects for the 2018 Greek Currants crop
by:  Chris Wilding category:  Latest News Read More

Georgia pecan crop

The Georgia pecan crop for the coming year looks to be a good one. Desirable pecans suffered a worse than expected early nut drop, however volumes are expected to remain stable.

Stuarts continue to look strong.

On the downside heavy rain and moisture has increased disease and insect pressure requiring increased spraying to control the orchards. Early current crop estimates for the 2018 Georgia crop is approximately 110 to 120 million pounds,  in comparison to last year 2017 Georgia crop was only 100 million pounds.

The imposition of tariffs between USA and China is causing a great deal of uncertainty over volume and pricing for pecan growers. Growers are hoping for a resolution before the beginning of the fast approaching harvest season.

date:  Jul 30, 2018 comments:  Comments Off on Georgia pecan crop
by:  Chris Wilding category:  Latest News Read More

Californian Walnut Crop growers & packers estimate

On Monday 23rd of July 2018 Californian Walnut growers and packers estimated the new crop to be 691.000 short tons for the 2018  Walnut new crop.

This is lower than last years estimation of 699.000 short tons. But higher than last years production of about 630.000 short tons. Last year’s crop size was 627,000 tons.  This estimate comes in approx. 10% higher than last year’s total.

The way the estimation works is that everybody who participates makes an estimation of their production for new crop.
Of all these estimations, an average is taken. And based upon that average the crop size is estimated.
At the moment California is experiencing a heat wave. It is expected to last about 1,5 week. And it might effect the crop to some extend.
There have been some hot days earlier this season, but not with this intensity and for many consecutive days.

  • The Tulare Crop is expected to be much larger in quantity than last year.
  • The Chandler Crop will be larger in quantity, but similar in yield per acre to last year.
  • This year’s crop is coming from a larger acreage base compared to last year

The official 2018 Walnut Crop Estimate will be released in Early September.

In general the world has a plentiful supply of walnuts and we expect a season of stabilised competitive pricing to continue to grow volumes.

date:  Jul 25, 2018 comments:  Comments Off on Californian Walnut Crop growers & packers estimate
by:  Chris Wilding category:  Latest News Read More

Turkish Hazelnuts update

We remain in the transition period between 2017 crop and soon to be available 2018 crop. Trade is thin as most shippers prefer to wait till 2018 crop is physically available before setting prices. 2017 crop is still available at 20.5 TL a price which hasn’t changed for the last three months.

New crop should start to appear from the lower farms about mid-August, then we will start to get a better idea as to size of the crop, quality and price farmers are prepared to sell at. With the harvest taking place over several weeks and dependent on weather conditions, these insights to the new crop will not be instant but will become apparent over time. We expect the crop to be about 650,000 mt (min 600 max 700,000 mt), the last Exporters Union figure was constant at 634,000 mt in shell.

Should we have no surprises with the crop the big unknowns will remain TMO policy and the Turkish lira.

The TMO probably won’t announce their intentions until they know more about the crop. How much they intend to buy and at what price will depend on the opening of the private market. Some speculators offer new crop on the basis of 24 – 24.5 TL

We can only work with what we know and that is 2017 crop at 20.5 TL.

Report received from our partner supply in Turkey.

 

date:  Jul 24, 2018 comments:  Comments Off on Turkish Hazelnuts update
by:  Chris Wilding category:  Latest News Read More

Turkish Sultanas Market update July 2018

The Turkish Sultana market has shown some weakness in the last week due to some traders offering material across the market to packers, given activity and availability has been negligible in the last few weeks this unexpected move has led to raw material prices falling slightly. The export price has held somewhat firm due to the Lira v US Dollar rate fluctuating on a daily/hourly basis which of course makes packers nervous about having offers open for prolonged periods.

New crop development is progressing very well and harvest is still expected to begin between 10 to 14 days earlier than last year. Reports about the size of new crop from Turkey varies across packers & traders ranging from 270,000 tonnes up to 320,000 tonnes. The official crop estimate is due at some point during August, it came out mid-end August last year, and this will undoubtedly shape where prices will go. Demand for new crop shipments is expected to be as high as traditionally experienced and does usually force prices to increase initially after harvest. Once this demand has subsided everything we’re seeing at the moment would suggest prices have the capability to subsided end 2018, subject to currency in Turkey & here in the UK.

date:  Jul 20, 2018 comments:  Comments Off on Turkish Sultanas Market update July 2018
by:  Chris Wilding category:  Latest News Read More

Californian Raisins – June shipments

JUNE SHIPMENTS

UK shipments of Californian Raisins for June 2018 are down 86% against June 2017. Only 115mt were shipped in the month of June against 825mt from the previous year!

The Raisin Administrative Commitee June 2018 shipment report of Natural (sun-dried) Seedless (NS) Raisins shows that domestic shipments (including Canada) were 10,806 packed tons, compared to 17,715 tons in 2017 (-39%). Year-to-date domestic shipments are 152,937 packed tons compared to 180,214 tons at this time in 2017 (-15%).

NS export shipments (without Canada) for June 2018 were 5,440 packed tons, compared to 9,008 tons in 2017 (-40%). YTD export shipments are 82,881 packed tons, compared to 100,087 tons a year ago, a decrease of -17%.

NS shipments to all destinations year-to-date are 235,808 packed tons, compared to 280,302 packed tons for last year (-16%).

Top 20 Destinations for June

Natural Seedless

Packed Tons

June Rank Destination Tonnage Previous Rank YTD Tonnage

8/01/17-6/30/18

1 United States 10,240 1 145,032
2 Japan 2,097 2 30,013
3 Canada 565 8 7,895
4 Philippines 505 6 3,786
5 China* 438 3 6,360
6 Germany 312 4 5,693
7 Malaysia 242 13 1,613
8 Norway 189 10 2,103
9 Taiwan 185 5 3,715
10 Sweden 167 7 2,979
11 Finland 139 (-) 1,045
12 South Korea 139 9 3,273
13 United Kingdom 115 17 5,382
14 Thailand 104 15 2,069
15 Indonesia 96 12 1,159
16 Mexico 95 19 1,137
17 Dominican Republic 85 (-) 973
18 Colombia 66 18 602
19 Hong Kong 64 14 1,190
20 Singapore 61 (-) 1,084

 

date:  Jul 17, 2018 comments:  Comments Off on Californian Raisins – June shipments
by:  Chris Wilding category:  Latest News Read More

Cashew Nuts

Chelmer Foods is now importing and supplying Cashew Nuts

The cashew market has been taking an upwards turn now after it recently hit bottom, many factories have gone under as there is no liquidity available in the market, good kernel quality is still very difficult to come by.

Shippers have now come back to renegotiate pricing on raw seed that has been left sitting at the port.

Buyers are urged to proceed with caution when approaching small – midsize shippers as quality can drastically vary.

We are expecting to see this market move higher as negotiations continue on raw seed and each day shippers have been withdrawing offers for higher levels.

The US market has started their purchasing for 4th quarter and will continue in the coming weeks.

Please let us know if you have any demand you are seeking.

date:  Jul 13, 2018 comments:  Comments Off on Cashew Nuts
by:  Chris Wilding category:  Latest News Read More
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