China: Tree Nuts Annual
China’s in-shell walnut production is forecast to rebound by 18 percent to 1 MMT in MY 2019/20, supported by favorable growing conditions across major walnut producing provinces. China is likely to reduce imports of U.S. tree nuts (almonds, pistachios, and walnuts) in the wake of another round of additional tariff increases imposed on U.S. tree nuts since September 1, 2019. China’s walnut exports will increase as a result of lower domestic prices and a weakened yuan.
