As the New Year kicks off in US and Pecan Producers in North America work to finish what could be one of the largest pecan crops in recent years, the Chinese demand has slowed considerably and pecan growers have noticed in-shell pecan prices ….
The global pecan market has seen an increase in the pecan supply over the past 10 years, but not nearly enough to keep pace with demand. Pecan growers around the globe have been increasing acreage with new plantings, but the current pace is still insufficient to meet today’s market demands. As pecan growers in the US and Mexico are just beginning to harvest, many of the growers also have planting in the back of their minds.
Every year the Chinese people celebrate the coming of the new year with an annual Spring Festival that rivals any in the world. A large portion of businesses shut down and take leave to enjoy the activates of the New Year celebration. This year marks the year of the Dog, and the Chinese New Year activities begin on February 16, 2018 (China Standard Time) and will last around 15 days.