Walnuts Market Activity – End of August 2018
Traditionally, buyers start to look for some first updates on the Eastern European crop after return of the summer holidays. So far we have seen rather stable conditions throughout Eastern Europe during the growing season, resulting in positive expectations on the overall quality of the crop. First forward offers from this region are being reported.
Quotations seem to be based on the forward offers from California. It remains to be seen how both prices and quality of EU product holds up to product from California coming season. Crop expectations from California itself are quite positive as well.
The news coming from these two origins, plus the ongoing growth of Chilean potential export volume, is putting buyers in comfortable position heading towards the new season.