China: Tree Nuts Annual
At current price levels, China will likely import less U.S. almonds, pistachios and walnuts due to the additional import tariffs placed on U.S. tree nuts; however, it is unclear if Chinese importers will be able to fill the gap by increasing purchases of alternative nuts (such as macadamia nuts, cashews, and Brazil nuts) from third countries. China’s in-shell walnut production is forecast to decrease by 15 percent to 850,000 MT in MY 2018/19 as a heavy snowstorm in April will likely reduce production in northern producing provinces. Shelled almond production is forecast at 43,000 MT, unchanged from the previous year.
