Official customs export data reveals that Chinese walnut kernels have maintained robust export quantities, reaching 43,308 metric tons from September 2023 to February 2024. Europe emerged as a significant importer, acquiring 8,527 metric tons, with Türkiye accounting for 2,659 metric tons. In the first two months of 2024 alone, China shipped 12,326 metric tons of walnut kernels, with Europe purchasing 2,062 metric tons and Türkiye importing 977 metric tons.

Current Market Situation

In the present walnut kernel market, traditional varieties, particularly the north variety, are experiencing a shortage of half kernels, with most suppliers depleting their stocks. Consequently, Chinese suppliers have initiated imports of walnuts with shells from other countries to produce light broken and pieces. Stocks of Xin 2 variety are limited, with only ELH quality meeting customer demands. Quantities of LH quality are minimal, resulting in market prices reaching their peak without any signs of decline.

Varietal Analysis and Market Trends

For variety 185, there are some ELH stocks available, but prices continue to rise. LH quality primarily serves the domestic market. Xinfeng (Xingfu) variety faces low demand due to its high prices, limited quantities, and lower quality. Currently, most market orders revolve around variety 185 and Xin 2.

Future Outlook

Observations from the market suggest that most factories anticipate selling out their stocks by the end of May. Suppliers are expected to halt supplies due to high raw material prices, and quality degradation may occur as temperatures rise.

Despite challenges in the walnut kernel market, such as shortages in traditional varieties and rising prices, Chinese exports remain resilient. Monitoring market dynamics and adapting to changing conditions will be crucial for stakeholders to navigate the walnut industry effectively in the coming months.

Source:Sdkingland