While pecan growers finish with harvest, the pecan meat market continues upward movement as buyers continue to compete for the limited supply. The last month has been hectic for North American Pecan Sheller’s scrambling to purchase in-shell pecan crop but some growers have decided not to sell…
Last week we reported on the significant loss of the Louisiana pecan crop due to the adverse weather conditions in August during nut fill stage. Louisiana is predicting around a 50% plus crop reduction for this year. After that report went out, we were inundated with emails from pecan growers in Oklahoma and Texas stating that they too were seeing significant reduction in this year’s pecan crop.
Pecan season in the southern United States has gotten well underway for a large majority of the US pecan growers. In the southeastern United States pecan growers with early varieties such as Pawnee (PWN) or Money Maker (MM) started as early as late September to early October. Pecan growers in these regions have completed almost half of their 2017-2018 harvest activities
Export and domestic sales have been increasing in the pecan meat markets for quite some time now. This increased growth in sales has had effects throughout the pecan nut market, for both in-shell pecans and the pecan meat market. As pecan, cold storage supplies dwindle in the US and Mexico, pecan sheller’s say that this year’s harvest just couldn’t come soon enough.
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.