Monthly Archives September 2019

Walnut Market Report September 2019

Across the board 2018 Indian walnut crop is almost sold out, meaning shortly we will be getting into the coming crop with negligible stocks both with farmers and exporters. First arrivals of new crop are expected around the last week of September 2019.Shaking news has come in with regards to 2019 crop. Very cold weather in Kashmir Valley across April and May, the blossom of all fruit trees including nuts like walnuts has been severally affected. The crop appears to be not more than 60% of a normal crop. The quantities available of 2019 crop from Indian walnuts will be quite restricted.

The Indian government have imposed penal duty on Californian almonds and walnuts. And now the rate of import duty on Californian walnuts is effectively 122%. Due to imposition of very high import duties over previous year imports, there will be strong domestic demand for Indian walnut kernels particularly of Light grades at reasonably high prices.

Diwali will fall on October 27th 2019 in India, and due to the scarcity of alternatives to Kashmiri walnuts, the suppliers of the same shall increase their prices making offers unfeasible before this rush slows down. Thus, all early deliveries of walnuts will be geared to meet Indian domestic demand and there will be very few quantities available for shipment during October/November 2019. The earliest shipments will be only from second half of November 2019 onward.

Due to mentioned reasons we expect prices to open at levels far higher than last crop prices.

date:  Sep 12, 2019 comments:  Comments Off on Walnut Market Report September 2019
by:  Sian Koster category:  Latest News Read More

Turkish Apricot Update September 2019

  • Exports in August were¬†6,411 tons, compared to 7,546 tons last year
  • Average price for diced apricots was $2262, average price for whole apricots was $2720

The First shipment of new crop is in, although slightly below expectations. This can probably be due to Turkeys national holidays that occurred in the middle of August meaning some packers did not start processing new crop until the end of august when the national holidays were over.

News is in that prices for sulphured apricots have firmed $100 to $200 since the opening however have no stabilized as harvest yields were lighter than expected.

Much like the sulphured apricots the lira has also stabilized over the past few weeks, and inflation rates seem to be decreasing. The banking situation is also easing with serious packers having no problems obtaining export credits.

The shortage of natural and organic apricots has rather has disturbed the markets, and prices for both have risen sharply.

This shortage of natural apricots has been caused due to the past few years low prices. This low pricing was apparent due to a high number of blemishes in the crops that growers sought to disguise by making natural apricots. Prices for natural apricots subsequently fell below the sulphured prices. However, as there were very few blemishes on this crop, growers had no incentive to make naturals. In the case of organics, the main organic growing areas of Dogansehir and Akcadag were affected by frosts.

date:  Sep 11, 2019 comments:  Comments Off on Turkish Apricot Update September 2019
by:  Sian Koster category:  Latest News Read More