India: Tree Nuts Annual

Commodities

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Post forecasts that in marketing year (MY) 2017/18 Indian almond imports (shelled-basis) will show a year on year decrease of 5 percent to 95,000 MT. This decrease is expected because the Indian festive season begins earlier than the crop harvest in the United States, which will make US imports less attractive. To fill the gap, domestic walnut production is expected to rise by six-percent in MY 2017/18 to 34,000 MT (in-shell basis). Nevertheless, despite this increase in production, demand growth will continue to outpace production and eventually imports will again rise.

India: Tree Nuts Annual