India: Tree Nuts Annual
Post expects that in marketing year (MY) 2016/17 Indian almond imports (shelled-basis) will reach 65,000 MT, a nine percent decrease from the MY 2015/16. This decrease is primarily due to the weaker Indian rupee and higher global and domestic market prices. Domestic walnut production in MY 2016/17 is forecast at 34,000 MT (in-shell basis), a three percent increase over the current year. Despite this increase in production, demand will continue to outpace production and imports will continue to grow.
