According to the Position Report for November, domestic shipments of shelled and in-shell almonds were 60.7 million pounds, down 5 percent from last November. Export shipments, at 175.19 million pounds in November, rose 1 percent YOY. Net total shipments were 235.89 million pounds, down less than 1 percent from the year prior.
The California Walnut Board (CWB) reported cumulative walnut shipments, in-shell equivalent, for the month of November at 151,595 tons, up nearly 5 percent from this time last year. In November 2019, Chile was less competitive with U.S. walnut exports than in the year prior.
According to Shanghai JC Intelligence, China could spend as much as $2.5 billion on U.S. nuts as part of the Phase One trade agreement. Almonds are one of the most popular nuts among Chinese consumers, who regard them as health food, per Bloomberg.
Japanese tariffs on both almonds and walnuts will be discontinued on Jan. 1, 2020 because of the U.S.-Japan trade deal. Japan is the fourth largest market for U.S. walnuts, preceded by Germany, Turkey, and the UAE, per CWB.
U.S. almond exports by season
Source: Almond Board of California
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