Pecans: Europe is most important export destination
Mundus Agri. According to the latest APC export data, Europe has become the most important export destination for US pecans over the past five years. Asia is also an important customer, but exports were temporarily down due to the trade war between the US and China.
Demand exceeds production
The American Pecan Council (APC) recently released its end-of-season report, which showed that US producers delivered about 139,253 mt of pecans to various market players such as processors, traders and exporters during the 2021/22 season. This represents a slight decrease from the previous year's shipments, which were about 150,592 mt. In the last two seasons, the damage from Hurricane Micheal was still so noticeable that production was lower. US exports are also down, though demand still exceeds production capacity, according to Pecan Report. Growers are working to counteract this by planting new trees and rehabilitating older plantations. The new harvest has started successfully and so far shows quite promising in the southeastern US, while there will be losses in Texas due to the severe drought.