Pecan Market Update – February 2022
We are now coming to the end of the 2022 Pecan crop harvest. This year’s yield is expected to be as much as 30% lower than 2021 crop. This was to be expected, as weather conditions and delayed harvesting led to damaged crop.
There has been a lot of upwards pressure on pricing given availability issues for some grades, resulting in many buyers holding off on ordering forward for their requirements. This has resulted in an undersold market. Pricing remains stable at present given pressure from both sides of the market, though this may well change in the months to come as we see stock requiring replenishment. We have seen that the broken/pieces have been oversold, and this has started to put prices up across the pecan market.